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Move Over, Dollar - NYC Stores Accept Euros
By
Jen Chung
Published Feb 7, 2008
Modified Mar 7, 2008
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By
Jen Chung
Published Feb 7, 2008
Modified Mar 7, 2008
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In a sign of these struggling economic times, more than a few New York businesses are making it clear that money is money, whatever the currency. Reuters spoke to a few business owners who explained why they are open to moneys from foreign lands.
East Village Wines' Robert Chu said, "We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank...[S]ome days, you'd be surprised at how many euros you get." And Billy's Antiques owner Billy Leroy said, "I'm happy if I take in 200 euros, because what I do is keep them. So when I go back to Paris, I don't have to go through the nightmare of going to an exchange place." Here's the Reuters video - it starts off with a shot of the East Village, explaining that "it's not Fifth Avenue" but it is still Manhattan!
A year ago, the city's tourism arm showed how items are cheap for Brits, compared to how much they'd cost in London. What the city hasn't told tourists is that if you're traveling with kids and you get sick, your kids might end up in the clutches of ACS.
Photograph of 200 in euros by Skaines on Flickr
Tagged
ACS
east village
euro
exchange rate
fifth avenue
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london
manhattan
money
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paris
the city
U.S. dollar
weak dollar
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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