TIJUANA. The strong dollar vs Mexican pesos "is giving us a hard time", said Jason Wells, Executive Director of the San Ysidros Board of Commerce and Businesses Association, who revealed that 50 local businesses have closed since the last quarter of 2015.
Due to losses of up to 40% in sales, business owners have started the "Tu Peso Vale Más" program (lit. "Your pesos are worth more" that would allow department stores to receive the Mexican currency.
In order to reduce the waiting time for Mexican shoppers who account for 85% of all shopping done in San Yisidrothe government of San Diego invested over $280,000,000 USD for the restructuring of the new port of entry project, Otay 2.
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