Worried that your money isn't green enough? Well, in Mexico, the contrary may be true. If you're headed to Mexico this year, you'll want to bite the bullet and exchange some greenbacks for pesos. New currency laws came into effect in parts of the country last month that limit U.S. dollar-purchases to $100 per cash transaction (the most a business can accept). And, some businesses won't be able to take even your Washingtons and Lincolns, let alone your Benjies.

The effort is related to anti-money laundering efforts, particularly as they relate to the drug trade. Even at banks you'll feel currency-related constraints, reports USA Today, where "the amount of dollars foreigners can trade for pesos at banks and money exchangers to no more than $1,500 per month." This doesn't compare to the limits out on the street, though:

In addition, the tourism board says, several Mexico states - most notably Quintana Roo, home to the major resort destinations of Cancun, Cozumel and Playa del Carmen - have imposed a $100 limit on cash purchases. And regardless of location, airlines at Mexican airports can no longer accept U.S. cash for checked bag fees or other charges, says Tim Smith at American Airlines.

But, you're still good when you pay with plastic – the sky's the limit (along with whatever your bank has imposed on you.

[photo by redjar via Flickr]

Filed under: North America, Mexico, News