NYC Shops Accepting Euros. Dollar Collapse/Crash

http://st0ckman.blogspot.com
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.

"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.

"We didn't realize we would take so much in and there were that many people traveling or having euros to bring in. But some days, you'd be surprised at how many euros you get," Chu said.

"Now we have to get familiar with other currencies and the (British) pound and the Canadian dollars we take," he said.

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.

"I'm happy if I take in 200 euros, because what I do is keep them," he said. "So when I go back to Paris, I don't have to go through the nightmare of going to an exchange place."

Category:

News & Politics

Tags:

• euor
• dollar
• market
• collapse
• crash
• 2008
• stock
• currency
• trade
• trading
• trader
• nasdaq
• nyse

[jesuslover037]

The whole US Currency itself is against the law; it's just that no one enforces the laws. The Federal Government is not supposed to circulate any currency except for gold and silver as the Constitution says. Sad, we don't even obey our own laws :(

[cratesors]

being stupid is very american...

I´m sorry, but you have lost trust with your unfair unlawful wars.

You´re just getting WHAT YOU DESERVE...

[1971Armageddon]

Put this date on your calendar, it is official now...U.S. is DONE!

[badsign1980]

if jay z flashed dollars it would be like flashing afghani tender... its good to wipe your ass, maybe not even that, its too harsh

[17seventySIX]

@cratesors What the people of the world need to understand is that our government was infiltrated by the illuminati and the corporate elite long ago, our president has sold his soul. not one American wants to be at war. We cant do anything about it..Does anybody think American people voted or wanted to send our children to fight a war over lies? We know 9/11 was an inside job.. Our own government blew up buildings and people in order that corporations could go pump oil and natural gas.

[jorgetvilla]

really? dammit, i just got my residency in the US... oh well, i guess i gotta pack my stuff, spain, here we come.

[TheBullionBull]

@KARStarla How can you afford Euros and not gold? Unless you are buying less than $135 of Euros then you could just as easily get a 1/10th ounce.

[markistc]

Europe will rise again!

[smudge6699]

@doeenterprises

Constantly falling, it's a FIAT currency, BEADS FOR THE NATIVES!

[wlwak]

The media get away with scare stories because the bulk of the population is semi-literate and completely innumerate....as is evidenced by some of the comments on this page. Never let facts get in the way of a halfwit's opinion.

[doeenterprises]

What is the exchange value?