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Euros Being Accepted in American Businesses

6 February 2008 · Comments Off

Economy

[Photo by Claudecf @ Flickr] When even New York City shopkeepers like Euros, you know that the dollar is showing signs of incredible weakness.  From Reuters:

In the latest example that the U.S. dollar just ain’t what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise.[...]

While shops in many U.S. towns on the Canadian border have long accepted Canadian currency and some stores on the Texas-Mexico border take pesos, the acceptance of foreign money in Manhattan was unheard of until recently.

Not far from Chu’s downtown wine emporium, Billy Leroy of Billy’s Antiques & Props said the vast numbers of Europeans shopping in the neighborhood got him thinking, “My God, I should take euros in at the store.”

Leroy doesn’t even bother to exchange them.

Maybe I should have taken advantage of the multi-currency ATM I spotted when changing planes at Dulles a couple of weeks ago….

Tags: Economy · ·