Is Possessing more than 10k in Bulk Cash Currency Against the Law in Mexico?
Mexicans prefer dealing in cash. They've always been accustomed to using cash when making small or big transactions. Despite the availability of digital payment systems and credit cards, a study states that more than 90% of the country's population still uses cash. While this may not seem like a big problem, due to the high cash smuggling rate in Mexico, the government has put certain limitations on locals and foreigners regarding bulk cash possession in Tijuana, Mexico. In this article, we have discussed whether carrying more than 10K cash is against Mexican law or not. Carrying Currency in Mexico The US-Mexico border is one of the busiest borders in the world. It's the main route for travelers, tourists, and business people to enter and exit Mexico via Tijuana, the second-largest city in the country. Due to an overwhelming number of people crossing the Mexican border, the government has implemented strict regulations for carrying bulk cash, firearms , or drugs. The...