It may be the coolest thing on store shelves this summer. But an explosion of iPhone-mania in Mexico following the cutting edge gadget’s release last Friday, July 11, may soon be dampened by the resulting Telcel bill.

A new tax of two percent on all cash bank deposits above 25,000 pesos per month came into effect on July 1.

While most U.S. airlines are cutting flights to Mexico in droves, one carrier is looking to open new routes between the two neighbors.

The Mercado Libertad may still thrive, but the days of the giant covered “tianguis” may be over.