How to get a fake dollar in Mexico
A man has been arrested in the state of Guerrero for selling a fake peso into the country, authorities said.
Giovanni Pacheco, 55, from the western state of Puebla, was arrested on Wednesday for illegally selling $7.80 ($8.55) in US dollars in the city of Monterrey, the state attorney general’s office said.
The alleged transactions took place between November 2015 and April 2017, the attorney general said.
Pacheco was arrested after a probe by the attorney-general’s office found that Pachecom was selling $1,300 in US currency to a man who was selling it to a group of relatives in the eastern city of Nuevo Laredo, the Mexican newspaper La Nación reported.
Pasquale Pacheca, the son of the alleged seller, was detained and questioned by federal authorities in Monterray, the report said.
He was later released on bail and will appear in court again on May 13, the newspaper said.
Mexico has been grappling with currency shortages for weeks, and the peso has lost nearly 90 percent of its value against the dollar in the last two weeks.
The currency crisis has prompted a surge in money laundering and corruption across Mexico, prompting authorities to impose tough measures, including a ban on foreign exchange trading.