With the value of the American dollar now on the decline, many shops in New York have begun to except Euros. This largely due to the fact that now Europeans have begun to flood New York to take advantage of shopping. With the Euro currently more valuable than the U.S. dollar, they can get a great exchange rate.
Now, shops and stores in New York are making it even easier for all those European shoppers. Rather than having to go exchange their Euros, the store have begun to except them. I can't really blame the stores, their owners are simply trying to make a living. But, I do have to admit, that I hate to see the value of a dollar plummet the way that it has been. It used to be that American's went abroad in order to take advantage of the strength of our money in comparison to foreign currency. Now, the roles have completely reversed. I guess it's just one more sign of our backsliding economy.
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JL Boney, III - Columbia, SC Realtor - Russell and Jeffcoat Real Estate
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Bring them on.........I'd use my calculator and accept Euros as well
JL:
This will continue unless Congress gets it's runaway spending under control. This goes further than earmarks. We need leaders that have the guts to approach entitlements also. Most of the runaway spending is with entitlements. Unless we approach this, the dollar will continue to slide.