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Dollar accounts will be legal again in Mexico.

The Mexican legislature approved a measure that would change the nation’s monetary laws and permit Mexicans to open, on a limited basis, dollar accounts in banks. Dollar accounts have been banned, except in rare cases, since 1982. An official said the government has not yet adopted final rules detailing who can open the accounts but indicated that the accounts probably would be permitted in cities along the U.S.-Mexico border, tourist resorts and big-business cities such as Monterrey and Guadalajara.


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