filed under Economics | Finance
Stores take Euros like its real money
3:32PM ON
02/08/2008
BY
Ari Savitzky
What’s this about NYC stores taking foreign ducats and cashes? Foreigner news service Reuters has the scooper:
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.
The weakening dollar is the first step down the road to 10 Euro movies at the mall, and 6 Euro chicken at Cathay Cathay.
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