http://www.cnn.com/2007/US/01/11/pizza.pesos.ap/index.html

I heard about this on the news earlier today, and I think it is stupid.

I have absolutely no problem with a business in the US accepting foreign currency.  The only way I would ever have a problem with this is if they only accepted foreign currency.

I have lived in Japan, and the majority of businesses within 5 miles of a military base accepted US Money.  And it is the same in Mexico and Canada.  I remember going to a Denny's in Niagra, and the menu had prices listed in both US and Canadian dollars.

People that have a problem with this need to get a life.

I live an hour from Buffalo, NY and I would say 40% of businesses there accept Canadian currency.
There is absolutely no difference from a business standpoint.
The difference lies in the fact that you don't hear much about illegal Canadian immigrants...

A business owner can accept any currency they choose IMO.

Meh, it's their business...if they wanna accept crap as a form of payment...they should be allowed to.  People always wanna make everything a problem.  The business is trying to cater to the majority of their customers...I don't see a problem with their promotion.

Well, he's prescient to say the least.  In a few years the Mexican peso will be worth more than the dollar!
::)

Always find it amusing when Texans shake their fists at Mexicans.  Uh, just who were the uninvited guests again?

Umm.....

Most Canadian business have no problems accepting foreign currency.

Newsflash:

Most tourists traveling don't carry that countries currency, with them.  Should they get the same treatment too?  No. (Being anger over not carrying American currency or whatever country they vacationing that is.)

My feeling is cash is just that. Cash.

Get over it, if they want to pay in pesos, let them pay in pesos.

Keep in mind, Texas wasn't always occupied by Texans, or has that been forgetten allready?

Yesh......  ::)

What everyone else said.  It's a business - they want to make money, and pesos are money.  Duh.


Now I'm craving pizza...

As of today's exhange rates, 11 pesos =/~ 1 US dollar.

Makes me wonder if Dominos will come up with a 55/55/55 deal.  ;D

When I went to Montreal many years ago, the official exhange rate was $1.37 Canadian for every American dollar. Most casinos and bars we went to gave us $1.40 for every dollar, but there was one bar that obviously didn't like Americans and there they offered even money, i.e., 1 Canadian dollar for 1 American dollar. We didn't drink there.

I have to admit I'm not that familiar with currency exchange, but don't banks charge a fee for converting foreign currency into American money? Also, ISTM that you'd have to pay more pesos than dollars (exhange rate compensated) for the same pizza since fluctuations in exhange rate, as well as the hassle of converting foreign money would force the business owner to allow himself some cushion to not get burned by market shifts.

I have to admit I'm not that familiar with currency exchange, but don't banks charge a fee for converting foreign currency into American money? Also, ISTM that you'd have to pay more pesos than dollars (exhange rate compensated) for the same pizza since fluctuations in exhange rate, as well as the hassle of converting foreign money would force the business owner to allow himself some cushion to not get burned by market shifts.


It all depends.  For example, along the Cali-Mexico border, the exchange rate to pesos is much better then the rate to dollars.  I know this was especially true 10+ years ago, when the exchange rate was closer to 130+ pesos=1 dollar.  This was because most people were dumping pesos as fast as they could, and putting the value into a currency that held long-term value.

And yes, for the most part banks do charge an exchange rate.  The only time I have never had to pay for exchange was when I was in Japan.  The Credit Union on base did not charge an exchange fee, and I frequently converted about 1/4 of my allowance into yen.  This way I could use the Japanese busses, and go to locations which were outside of the normal "American Zone".  But by some Japanese law, you could not convery yen to dollars.

As of today's exhange rates, 11 pesos =/~ 1 US dollar.

Makes me wonder if Dominos will come up with a 55/55/55 deal.  ;D

When I went to Montreal many years ago, the official exhange rate was $1.37 Canadian for every American dollar. Most casinos and bars we went to gave us $1.40 for every dollar, but there was one bar that obviously didn't like Americans and there they offered even money, i.e., 1 Canadian dollar for 1 American dollar. We didn't drink there.

I have to admit I'm not that familiar with currency exchange, but don't banks charge a fee for converting foreign currency into American money? Also, ISTM that you'd have to pay more pesos than dollars (exhange rate compensated) for the same pizza since fluctuations in exhange rate, as well as the hassle of converting foreign money would force the business owner to allow himself some cushion to not get burned by market shifts.


Yes, they do charge a fee....that is if they HAVE the currency you want and you can find a bank that actually DOES it in your area.  Where I live, even the currency exchanges have limited "foreign currency" on hand.  A friend of my son was doing a report for school and his mom called 12 different banks/currency exchanges to find one that had the country's currency (I think it was Tahiti).  When she DID find one, she ended paying almost as much in fees as she converted :o  As Mushroom pointed out, it also depends on how (and where) you're converting.  If you're IN the country converting, you usually get a better rate than if you're not and which way you're going.  When I was in Europe back in 1990, we usually converted our American $$ into DM (Deutsch Marks-sp?) because most of the "touristy" places took either the country's currency or DM, and it was easier if we were going to multiple countries than trying to get the correct currency for each.

Personally, I don't care if an American business wants to accept a foreign currency as long as they continue to also accept American $$.  Now, if they were ONLY accepting pesos, then I'd have a problem...

Remember, the word "restaurateur" has the a "rat" in it.  Little mnemonic device I use.
::)

What everyone else said.  It's a business - they want to make money, and pesos are money.  Duh.


Now I'm craving pizza...


...and now I'm craving a little piece of Lynda Carter...

Remember, the word "restaurateur" has the a "rat" in it.  Little mnemonic device I use.
::)
ummmmm.....don'tcha mean "ant" ???

ummmmm.....don'tcha mean "ant" ???

In restaurant.

There's no "n" in "restaurateur," the proprietor of a restaurant.

It goes back to the Latin "restaurare," where as "restaurant" is a variant on later etymology: French, from present participle of restaurer to restore, also from from Latin restaurare. 

Merriam-Webster does consider "restauranteur" an acceptable variant.

In restaurant.

There's no "n" in "restaurateur," the proprietor of a restaurant.

It goes back to the Latin "restaurare," where as "restaurant" is a variant on later etymology: French, from present participle of restaurer to restore, also from from Latin restaurare. 

Merriam-Webster does consider "restauranteur" an acceptable variant.



If you knew all that, you probably don't need a mnemonic device!

If you knew all that, you probably don't need a mnemonic device!

Ah, I didn't know it.  I looked it up.

Umm.....

Most Canadian business have no problems accepting foreign currency.

Newsflash:

Most tourists traveling don't carry that countries currency, with them.  Should they get the same treatment too?  No. (Being anger over not carrying American currency or whatever country they vacationing that is.)

My feeling is cash is just that. Cash.

Get over it, if they want to pay in pesos, let them pay in pesos.

Keep in mind, Texas wasn't always occupied by Texans, or has that been forgetten allready?

Yesh......   ::)
I agree.