What's the big deal? I've used American $ in Canada and Mexico at the prevailing exchange rate. Why shouldn't we take their money? At 12 pesos the restaurant is actually making a little on the exchange.
I didn't think the Mexican pesos were an accepted form of currency in the United States. And, how do the IRS, city, and state play a role in this? How will the restaurant owner report the monies?
greta, did you bother to read the story? The clerk converts the pesos to dollars at the cash register. All transactions look just alike regardless of the money tendered. The business then takes the foreign money to the bank and they convert it to $$ at deposit. This is really quite simple as mentioned above; it is done in other countries with our money and in other parts of this country with foreign money with no particular problem.
I think this is a very helpful idea, I mean who doesn't have a couple of hundred thousand pesos lying around....oh but will that be enough to buy a pizza?
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11 comments:
What's the big deal? I've used American $ in Canada and Mexico at the prevailing exchange rate. Why shouldn't we take their money? At 12 pesos the restaurant is actually making a little on the exchange.
Twenty years ago I shopped at a store in Plattsburgh, NY that accepted Canadian money as payment for merchandise.
WHY would ANYONE other than the people patronizing the business care WHAT form of compensation a MERCHANT accepts at THEIR business?
Shut up SquareHead!!!!Use a peso to reduce that forehead!
Donde esta Plattsburgh?
Donde esta Dallas? Get my drift.
I didn't think the Mexican pesos were an accepted form of currency in the United States. And, how do the IRS, city, and state play a role in this? How will the restaurant owner report the monies?
greta, did you bother to read the story? The clerk converts the pesos to dollars at the cash register. All transactions look just alike regardless of the money tendered. The business then takes the foreign money to the bank and they convert it to $$ at deposit. This is really quite simple as mentioned above; it is done in other countries with our money and in other parts of this country with foreign money with no particular problem.
Thanks. I didn't bother to read it. I heard it on the radio this am. Evidently, the radio anouncer didn't read the article either.
I think this is a very helpful idea, I mean who doesn't have a couple of hundred thousand pesos lying around....oh but will that be enough to buy a pizza?
i didnt read the story, but ill bet the bank wasnt wellsfargo.
I think its kinda funny.
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