A little about Playa Zipolite, The Beach of the Dead . . .

Playa Zipolite, Oaxaca, Southern Mexico, on the Pacific Ocean. A little bit about my favorite little get-away on this small world of ours.

Zipolite, a sweaty 30-minute walk west from Puerto Angel, brings you to Playa Zipolite and another world. The feeling here is 1970's - Led Zep, Marley, and scruffy gringos.

A long, long time ago, Zipolite beach was usually visited by the Zapotecans...who made it a magical place. They came to visit Zipolite to meditate, or just to rest.

Recently, this beach has begun to receive day-trippers from Puerto Angel and Puerto Escondido, giving it a more TOURISTY feel than before.

Most people come here for the novelty of the nude beach, yoga, turtles, seafood, surf, meditation, vegetarians, discos, party, to get burnt by the sun, or to see how long they can stretch their skinny budget.

I post WWW Oaxaca, Mexico, Zipolite and areas nearby information. Also general budget, backpacker, surfer, off the beaten path, Mexico and beyond, information.

REMEMBER: Everyone is welcome at Zipolite.



Thursday, January 21, 2016

Peso hits new low of 18.8 against dollar Finance Secretary says the currency is "clearly undervalued"

Peso hits new low of 18.8 against dollar

Finance Secretary says the currency is "clearly undervalued"

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The Mexican peso dropped to a new record low against the dollar yesterday and did the same again today.
The peso slid to 18.8 to the dollar today after dropping to 18.71 yesterday.
Some banks were selling the U.S. currency for more than 19 pesos today.
The peso has lost nearly 8% in the past three weeks. Last year it dropped by nearly 17% against the dollar.
Finance Secretary Luis Videgaray told El Financiero during an interview today that the peso is “clearly undervalued” and that its decline in value is the result of overreaction by the market.
But when markets calm down, he said, the peso will regain strength.
Ongoing dollar auctions to support the currency will continue, said the Finance Secretary, who is attending the World Economic Forum in Davos, Switzerland, but there will be no further budget cuts.
He said there was “definitely” no risk of a financial crisis.
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