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Politics : Idea Of The Day
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To: thebeach who wrote (15169)12/1/1997 5:15:00 AM
From: George Mc Geary  Read Replies (2) of 50167
 
Beach, Since '79 or '80 (I think) they will not convert the Mexican Peso back into US$'s. In the '70 and there was a small gain to be had. But in early '80 there only way to make a gain was to spend your interest and principal in the local economy. After 1985 the risk of inflation or depreciation of the Peso has outweighed the gain. George
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