I tried to ask the bank teller why it changed, but she didn't speak English well enough. So I decided to go to the magazine shop. The one around the corner. And I bought an American newspaper.
What happened?
It seems that yesterday the Mexican government declared wouldn't pay back the loans it got from the World Bank. The government declared a default on the loans.
That's serious.
I know. The economy here is having serious problems. But because the government declared a default, the currency value went way down.
So now Mexican pesos are worth about half as much.
Yes, it's an amazing drop.
Wow. I feel sorry for the Mexicans. But it's good for us.
Yes, it's very good. We suddenly have twice as much money to spend here. Our hotel is now half as expensive as when we got here! Isn't that strange?
Yes, and you know what?
What?
I don't really like this hotel that much. So tonight, now that we are so rich, tonight why don't we stay in the most expensive hotel in town?