6 ms·
Unlucky for the UK coffee shop that wouldn’t take my USD this morning I guess? Not quite sure what you’re trying to say, if a country doesn’t want to accept usd
by xref 4y ago
Unlucky for the UK coffee shop that wouldn’t take my USD this morning I guess? Not quite sure what you’re trying to say, if a country doesn’t want to accept usd…they don’t have to
- wil421 4y agoExcept a $100 bill is likely accepted. I’ve been to developing countries that will accept local currency, dollars, and euros. I doubt they would accept any pounds, tethers, or other fake electronic currency.
- fabian2k 4y agoYou won't get anywhere with a $100 bill in many developed countries, outside of some very tourist-y areas maybe. At least not in regular shops, of course you can exchange it at a bank. But if you try to order a coffee with US dollars, you won't get one.
- deleted 4y ago[deleted]
- wil421 4y agoIf I’m visiting a country it’s usually as a tourist. Even on my business trips I spent half the time being a tourist.
- fabian2k 4y agoHandling a foreign currency is a lot of overhead, you will only find this accepted in locations where it is quite common for people to not have the local currency. If you're in the middle of Europe you'll have a hard time finding a place that will just accept US dollars outside of some very tourist focused destinations. And even there I'm not sure if it'll work. The places where I've seen this mostly work was near borders, and it makes sense that you'd accept the neighbour currency there even if it is some overhead. If you can quickly hop over the border you're much less likely to exchange currency before than if you plan a full trip in a different country.
- deleted 4y ago[deleted]
- HPsquared 4y agoIn an increasing number of businesses the UK even if you try and pay in pounds (i.e. cash), they won't accept it. Contactless only!
- roflyear 4y agoDoubt. Everyone knows what USD is.
- justinclift 4y agoNah. The "term" USD is common, but that's very different from presenting physical US currency to people and trying to get them to accept it. At least in Australia, I'd be surprised if more than a single digit percentage of the population would be able to tell if the (US) currency someone presents is real vs pretend/monopoly money. They'd most likely think the person is trying to scam them.
- drexlspivey 4y agoThis is hilarious. Do you really think you can pay with USD in any random country?
- usrusr 4y agoTalking pragmatics, what are the chances any random coffee shop in the USA would take your money if all you got were $100 bills?
- amon22 4y agoAren't they legally required to do so?
- EleanorKonik 4y agoNo; I've been to places that just outright refuse to accept physical cash at all, and I live in America.
- deleted 4y ago[deleted]
- alasdair_ 4y agoIf you drink your coffee then pay, then yes, since you are now paying a debt and dollars are legal tender for all debts public and private. If it's in advance of giving you your coffee, no, they could demand you pay in dogecoin only if they wish.
- Ekaros 4y agoAs a tourist maybe. But try to do it at any place mostly frequented locals in Europe and you will get nowhere. But funny thing. Same does not only apply to USD, but Euros as well. And EU doesn't even have army. And still on my last trip the taxis took the money.
- wil421 4y ago
- Symbiote 4y agoPounds have reasonable acceptance in Africa, the Middle East and parts of Asia -- many of those countries either used to be part of the British Empire or a neighbour, so there's trade, emigration, etc. Probably the Caribbean too, though I haven't been there. In most cases e.g. a French tourist would be fine taking euros, but a British tourist can take pounds and not pay to convert to dollars or euros first.
- machinima40 4y agoReally? Pls back this up with a citation or example. Name one country in those places or outside of Britain for that matter where british pounds are accepted as currency - today and not 1950
- Symbiote 4y agoI wrote "reasonable acceptance". You can pay for a taxi, a good quality/touristy restaurant or a safari. You can easily exchange sterling for local currency at banks or currency exchange offices. Kenya and Egypt are two examples.
- dageshi 4y agoEntirely depends on country and business in the country. I've seen Americans try to pay for taxi's in Thailand with USD, the drivers aren't interested, it's a hassle more than anything. In cambodia on the other hand, yes, they'll take it. Depends entirely on how stable the local currency is, if it's reasonably stable and well managed then probably they won't be interested.
- andrepd 4y agoWe're talking about international trade, not an espresso at the corner shop.
- justeleblanc 4y agoEven so. Not every merchant accepts USD.
- davidwritesbugs 4y agoHis point is that fiat currencies are issued by, and backed by, the state and the that trust is, ultimately, based on its enforcement capacity - the police/courts/US army rather than convertibility with gold or other hard asserts.
- theGnuMe 4y agoI think it’s about peace and trust more than anything. It’s not about war and aggression.
- baremetal 4y agoI think he means that the US military has a habit of invading countries who sell oil in currencies other than the US$. _Libya_ 2008 https://www.cfr.org/blog/libya-shunning-dollar https://www.cfr.org/blog/libya-shunning-dollar (Libya Shunning the Dollar?) 2011 Invaded _Iraq_ 2000 https://www.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut/ https://www.cnn.com/2000/WORLD/meast/10/30/iraq.un.euro.reut... (U.N. to let Iraq sell oil for euros, not dollars) 2003 invaded
- tarsinge 4y ago_Syria_ 2006 https://www.aljazeera.com/news/2006/2/14/syria-picks-euros-over-dollars https://www.aljazeera.com/news/2006/2/14/syria-picks-euros-o... No direct invasion but proxy war (lessons learned).
- bombolo 4y agoThanks… at least someone here understands that "a country" and "some guy with a tiny shop" aren't exactly the same thing!