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Conversion Rate, currency, euro, Euro Dollar, Exchange Rates, shopping, Strong Exchange Rates, U.S. Dollar, Weak Dollar, Weak Exchange Rates
Conversion Rate, currency, euro, Euro Dollar, Exchange Rates, shopping, Strong Exchange Rates, U.S. Dollar, Weak Dollar, Weak Exchange Rates

"Euros Accepted" Signs Invade New York

Reuters Via USA Today   |   February 6, 2008 03:18 PM

Read More: Conversion Rate, Currency, Euro, Euro Dollar, Exchange Rates, Shopping, Strong Exchange Rates, U.S. Dollar, Weak Dollar, Weak Exchange Rates, Breaking Business News
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In the latest example that the U.S. dollar 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.

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

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- geobushono I'm a Fan of geobushono permalink

welcome to the third world, gringo.

    Favorite    Flag as abusive Posted 01:14 PM on 02/08/2008
- sparkey I'm a Fan of sparkey permalink
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I'm waiting for the sign that says;" We welcome Amero's and other foreign currency. Dollars will not be accepted as the dollar is now a worthless piece of paper. Much like the constitution. We love pesos".

    Favorite    Flag as abusive Posted 07:23 PM on 02/07/2008
- Dendroica I'm a Fan of Dendroica permalink

I don't see what's the big deal. Stores in NYC have accepted foreign currency for years- they just charge a nice profit on it. They used to just have the electronic tote board that gave the prices of each currency (twenty years ago, it was those old fashioned boards that you stuck numbers and letters into) and believe me, it wasn't a bargain. Whoever buys dollars, pays top dollar.

Go to any city in Canada and you'll see the same.

    Favorite    Flag as abusive Posted 12:07 PM on 02/07/2008
- MajorKong I'm a Fan of MajorKong permalink
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So basically we've become Tijuana for Europeans.

    Favorite    Flag as abusive Posted 08:29 AM on 02/07/2008
- mpgarr I'm a Fan of mpgarr permalink

I live in Ohio and when businesses in these parts start accepting Euros and other foreign currencies--(we do sometimes take Canadian dollars around here--never really thought about it)--you know we are fucked!!!

    Favorite    Flag as abusive Posted 01:58 AM on 02/07/2008
- Ramirez I'm a Fan of Ramirez permalink
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Good marketing and smart business. If you are getting a business upsurge from European travelers, you should accept their currency. And as an added bonus, since YOU set the exchange rate you can add on a little service charge to offset your kindness.

    Favorite    Flag as abusive Posted 10:49 PM on 02/06/2008
- larry278 I'm a Fan of larry278 permalink

This is a sign that you will need a truck load of US dollars to buy a loaf of bread by July 15, 2008.

    Favorite    Flag as abusive Posted 06:20 PM on 02/06/2008
- DeeLight I'm a Fan of DeeLight permalink

Whoa! Whoa! Whoa!

Where's all the outcry against euros?

Shouldn't there be something similar to the vehement denouncement of those in US businesses who accept pesos?

    Favorite    Flag as abusive Posted 05:27 PM on 02/06/2008
- WIpatriot I'm a Fan of WIpatriot permalink
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It's a sign of the times....

    Favorite    Flag as abusive Posted 04:28 PM on 02/06/2008
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