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El Paso Business Owners Feeling the Effects
​of Peso Devaluation

Anonymous
       Business owners in El Paso are hurting from the devaluation of the Mexican peso, most business owners depend on Mexican shoppers to stay successful.  The value of the Mexican peso has increased to 17.80, becoming the equivalent of $1, as of result it is hurting the Juarez residents and their purchasing power to shop in El Paso. The devaluation may soon become 20 pesos to the dollar and recently customers in El Paso have dropped significantly by 25%. When you live on the border and day to day basis you deal with Mexico and about 33% of the retail trade industry depends on doing business with Mexico, it has a great impact on our local economy. The only positive occurrence of the devaluation is that it helps international manufacturers and international companies with operations in Mexico because cost of labor goes down along with the devaluation of the peso. Our families that live on the side of Juarez their purchasing power has decreased a lot and are spending less because of the devaluation of the peso and it doesn’t help that prices keep going up instead of decreasing, having a great effect on what they can purchase. The only hope for Mexican shoppers and business owners in El Paso is that the peso will soon recover back to what it was before the devaluation of the peso.
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  Border Proud
  • Home Page
  • What is Border Proud?
  • Regional Identity Spring 2022
    • Post Pandemic Consumer Spending
    • Income Inequalities
    • Globalization
  • Regional Identity Fall 2021
    • Editor Selects
    • Economic models, GDP and the Quality of Life: A Commentary
    • NFTs and Crypto Assets
    • Amazon Distribution Center and its Economic Impact on the City of El Paso
    • The Holiday tale of Inflation, supply chain, and the Omicron variant
    • Coronavirus and the Economy
  • Regional Identity Spring 2021
    • Incorporation of Sustainability in the Business World
    • Financial Markets in the United States
    • Are Hospitals Spending Smart?
    • What Vaccines Could Mean for Air Travel
    • Let’s Talk About Inflation during the COVID-19 Pandemic
    • Regional Organization Collaborates with Border Proud Students
  • Regional Identity Fall 2020
    • Voter Behavior During COVID-19
    • The Economic Impact of Restricted Borders in the U.S.
    • Rising Cost of Healthcare due to COVID-19
    • COVID: Consumer Behavior and Its Consequences
    • COVID-19 and Its Effect on the Gender Pay Gap
    • Amazon in the Borderplex Tristate 2021
    • Navigating the Election During COVID-19
  • Regional Identity Collection
    • RI - Fall 2019 >
      • Nobel Laureates Use Economics to Study Global Poverty Crisis
      • Acquisition of El Paso Electric
      • Effect on Retail Sales Post Walmart Shooting
      • Sun Country Montessori: Serving El Paso’s Children
      • Downtown El Paso: Construction Underway!
    • RI- Spring 2019 >
      • Starting a Company in 3 Days
    • RI - Spring 2017 >
      • The Cannabis Market in El Paso
      • A Gateway Opportunity: The Housing Authority
    • RI - Fall 2016 >
      • Border Crossing Visionary Meeting
      • Casas por Cristo
      • Go 10
      • The Reynolds Home
    • RI - April 2016 >
      • Argentina Anew
      • Dave & Buster's
      • The Economics of Coffee Shops
      • What a Hotel can do for a Community
      • Peso Devaluation
    • RI - February 2016 >
      • Bear Market: OIL
      • Carlos Bakery
      • Hispanic Enrollment Increases
      • Kopi Coffee
      • Toll Lanes
    • RI - Fall 2015 >
      • Blake’s Lotaburger
      • Creating a Successful Business
      • Man with a Vision
      • Mount Cristo Rey
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  • Regional Identity Fall 2021
    • Editor Selects
    • Economic models, GDP and the Quality of Life: A Commentary
    • NFTs and Crypto Assets
    • Amazon Distribution Center and its Economic Impact on the City of El Paso
    • The Holiday tale of Inflation, supply chain, and the Omicron variant
    • Coronavirus and the Economy
  • Regional Identity Spring 2021
    • Incorporation of Sustainability in the Business World
    • Financial Markets in the United States
    • Are Hospitals Spending Smart?
    • What Vaccines Could Mean for Air Travel
    • Let’s Talk About Inflation during the COVID-19 Pandemic
    • Regional Organization Collaborates with Border Proud Students
  • Regional Identity Fall 2020
    • Voter Behavior During COVID-19
    • The Economic Impact of Restricted Borders in the U.S.
    • Rising Cost of Healthcare due to COVID-19
    • COVID: Consumer Behavior and Its Consequences
    • COVID-19 and Its Effect on the Gender Pay Gap
    • Amazon in the Borderplex Tristate 2021
    • Navigating the Election During COVID-19
  • Regional Identity Collection
    • RI - Fall 2019 >
      • Nobel Laureates Use Economics to Study Global Poverty Crisis
      • Acquisition of El Paso Electric
      • Effect on Retail Sales Post Walmart Shooting
      • Sun Country Montessori: Serving El Paso’s Children
      • Downtown El Paso: Construction Underway!
    • RI- Spring 2019 >
      • Starting a Company in 3 Days
    • RI - Spring 2017 >
      • The Cannabis Market in El Paso
      • A Gateway Opportunity: The Housing Authority
    • RI - Fall 2016 >
      • Border Crossing Visionary Meeting
      • Casas por Cristo
      • Go 10
      • The Reynolds Home
    • RI - April 2016 >
      • Argentina Anew
      • Dave & Buster's
      • The Economics of Coffee Shops
      • What a Hotel can do for a Community
      • Peso Devaluation
    • RI - February 2016 >
      • Bear Market: OIL
      • Carlos Bakery
      • Hispanic Enrollment Increases
      • Kopi Coffee
      • Toll Lanes
    • RI - Fall 2015 >
      • Blake’s Lotaburger
      • Creating a Successful Business
      • Man with a Vision
      • Mount Cristo Rey
      • The Missing 43
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