“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.”
AOL News
Originally posted 2008-02-10 23:44:00. Republished by Blog Post Promoter
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February 11th, 2008 on 06:31
OK, this is one I really don’t get. Why do they accept EUROs? How is that supposed to help?
February 11th, 2008 on 11:49
Mig, the USA is in a financial crisis. We’re looking at a recession far worse than what happened in the 30s. Accepting Euros is indicative of financial desperation. In other words, there seems to be a compromise in order to make a sale.
Moreover, it used to be mandatory for all foreign money to be converted before it had any purchasing power. I believe that is a standard practice in every country.