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"Euros Accepted" Signs Invade New York

First Posted: 03/28/08 03:45 AM ET Updated: 05/25/11 01:25 PM ET

Euros Accepted

Reuters Via USA Today:

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.

Read the whole story: Reuters Via USA Today

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Filed by Michelle Kung  |