Palacio de Bellas Artes in Mexico City

How Is Mexico’s Economy Handling Trump 2.0 So Far?

There’s no denying that Mexico has found itself in the crosshairs of its northern neighbor’s new leader. In his first few months back in office, President Trump imposed tariffs on various Mexican exports, rescinded them, then reimposed some tariffs a month later. He’s also threatened to use the U.S. military

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stack of $500 peso notes

How to Break a $500 Peso Note in Mexico

Despite the increasing prevalence of electronic payment options, cash is still king in Mexico, accounting for more than 90% of all transactions according to the Dallas Federal Reserve. Paying for everyday items like taxis, tacos from street vendors, and a bus ride requires efectivo, with small bills strongly preferred.  

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RFC credential

You Can Now Get Your RFC Number Online

I’m super thrilled to share that foreign residents (and Mexican citizens) can now apply for an RFC number online and save themselves a trip to their local SAT office. For readers who are unfamiliar, RFC is the acronym for “Registro Federal de Contribuyentes” which translates to “Federal Taxpayer Registry” in English.

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