If you travel internationally then you know the U.S. dollar is far from what it used to be worth. Which is why it should come as no surprise that some savvy New York City shop owners have wised up and begun accepting euros and other foreign currency as payment for merchandise.
One business owner might have put it best when he said, “Money is money and we’ll take it and just do the exchange whenever we can with our bank.”
And that guy isn’t alone. The U.S. dollar is no longer the king among currencies (in fact, these days it barely ranks among the royal court of currencies at all). This, of course, is wonderful news for European tourists who travel to large cities like New York with money to burn.
The current exchange rate heavily favors international tourists who are taking full advantage of the increasingly weak U.S. dollar.
And it’s not just euros that are being welcomed by New York City business owners. Other currencies such as the British pound and Canadian dollars are being accepted as well. Granted, some stores in several U.S. towns on the Canadian border have long accepted Canadian currency and other shops on the Texas-Mexico border take pesos, but the acceptance of foreign money in Manhattan was virtually unheard of until recently.
Another interesting fact about this new trend is that some business owners are not even bothering to exchange euros. One antique storeowner in Manhattan recently announced that he plans to keep all euros that come into his shop and spend them during his next trip to France so he won’t have to go through the trouble of finding a place to exchange them.
Personally, I think more business owners around the nation should join the trend. What do you think about the idea?
Related Articles:
Traveling Abroad with a Weak Dollar
Staying Healthy on Trips Abroad
What To Know Before You Visit—AUSTRIA, SPAIN and PORTUGAL
What To Know Before You Visit–IRELAND, SWITZERLAND and POLAND
What To Know Before You Visit–FRANCE