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Some Stores In NYC Now Accepting Euros
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, said.
The weak U.S. dollar has brought scores of European tourists to NYC with money to burn. Obviously, the falling U.S. dollar is not a good thing, but the reality is that we now live in a global economy.
Even if the dollar were strong it makes good business sense to accept euros anyway if that’s what your customers are carrying.
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.”
-Chris Jones
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