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Same reason you cannot pay in euros in US. Lira is a legal tender. Company can peg prices internally to a spot rate to whatever, but if exchange turns to fast

Same reason you cannot pay in euros in US. Lira is a legal tender. Company can peg prices internally to a spot rate to whatever, but if exchange turns to fast volatility, what else can you do?

AdrianB1 5y ago
There is no law preventing one to sell in Euro in US and there is no law mandating a seller to accept USD as payment. "Legal tender" does not mean what most people think.
- Keyframe 5y ago
  That's quite a fantasy there.
  - haneefmubarak 5y ago
    You have to ultimately pay taxes in USD and have to accept settlement for debts in USD, but otherwise you're free to accept anything else you'd like, really.
    - Keyframe 5y ago
      That's quite a difference than compared to most, if not all, european countries. There are certain exceptions for outside.of borders payments, but even then local and legal currency has to be accounted. Retail no way.
- tsimionescu 5y ago
  A supermarket could refuse to sell you something unless you pay in Mario coins, but I beleive a restaurant is forced to accept your dollars to settle the bill you incurred for the food, and can't insist you pay your bill in Fallout Bottlecaps. Is this right?
  - AdrianB1 5y ago
    As long as they tell in advance (before you order), they can have any rules like any contract. It is extremely rare to have weird rules, but more common sense ones like "exact change or card only", "card only" are fairly common.
    - andrewaylett 5y ago
      This quite possibly varies by jurisdiction, but at least in the UK they do have to take legal tender in the GP's case. In a restaurant where one pays after receiving the food and a petrol station where one pays after receiving the fuel, you have no way to give back what you've taken and leaving without paying is illegal. So while it would be foolish of the retailer to attempt to refuse payment in local currency, if you try to pay in legal tender then they are obliged to accept. Having said all that, the largest denomination that's legal tender where I am (Scotland) is £1, filling up with fuel today cost me £100, and I'm not in the habit of carrying around that much loose change. Also, it's absolutely the case that a store where you receive the goods after paying for them may accept (or decline) whatever they choose. Many shops on Edinburgh's High Street, for example, have signs in their windows saying they are quite happy to accept Euros or Dollars. Not that you'll get a particularly good exchange rate, mind.
      - AdrianB1 5y ago
        Why do you point to UK as an argument about US? Different countries, different laws, no argument. Most of Europe is very different versus US, there is no doubt about that.

Same reason you cannot pay in euros in US. Lira is a legal tender. Company can peg prices internally to a spot rate to whatever, but if exchange turns to fast volatility, what else can you do?

AdrianB1 5y ago

There is no law preventing one to sell in Euro in US and there is no law mandating a seller to accept USD as payment. "Legal tender" does not mean what most people think.

Keyframe 5y ago
That's quite a fantasy there.
- haneefmubarak 5y ago
  You have to ultimately pay taxes in USD and have to accept settlement for debts in USD, but otherwise you're free to accept anything else you'd like, really.
  - Keyframe 5y ago
    That's quite a difference than compared to most, if not all, european countries. There are certain exceptions for outside.of borders payments, but even then local and legal currency has to be accounted. Retail no way.
tsimionescu 5y ago
A supermarket could refuse to sell you something unless you pay in Mario coins, but I beleive a restaurant is forced to accept your dollars to settle the bill you incurred for the food, and can't insist you pay your bill in Fallout Bottlecaps. Is this right?
- AdrianB1 5y ago
  As long as they tell in advance (before you order), they can have any rules like any contract. It is extremely rare to have weird rules, but more common sense ones like "exact change or card only", "card only" are fairly common.
  - andrewaylett 5y ago
    This quite possibly varies by jurisdiction, but at least in the UK they do have to take legal tender in the GP's case. In a restaurant where one pays after receiving the food and a petrol station where one pays after receiving the fuel, you have no way to give back what you've taken and leaving without paying is illegal. So while it would be foolish of the retailer to attempt to refuse payment in local currency, if you try to pay in legal tender then they are obliged to accept. Having said all that, the largest denomination that's legal tender where I am (Scotland) is £1, filling up with fuel today cost me £100, and I'm not in the habit of carrying around that much loose change. Also, it's absolutely the case that a store where you receive the goods after paying for them may accept (or decline) whatever they choose. Many shops on Edinburgh's High Street, for example, have signs in their windows saying they are quite happy to accept Euros or Dollars. Not that you'll get a particularly good exchange rate, mind.
    - AdrianB1 5y ago
      Why do you point to UK as an argument about US? Different countries, different laws, no argument. Most of Europe is very different versus US, there is no doubt about that.