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Tuesday, August 2, 2011

Worried About the Strong Peso



Like any other businessman who conducts business with foreign companies, I am worried about the strong peso.  Yesterday, I saw it go up to 41.92 pesos to one US dollar! And everything in this country costs more than it should be!  The cost of business is still high in this country and the peso is still going stronger.  Export companies are just going to fold or have to tighten their belts, or just hike prices up!

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