For most of the last 60 years, American dollars (”Greenbacks”) have always been the universally accepted currency. It didn’t matter what corner of the globe you were on, people would gladly take your dollars for their services and goods. But the incredible weakness of the dollar is slowly changing this. Of all places in the world to see this, New York City is the last place you would expect to find stores rejecting dollars. But that is exactly what is happening. A growing number of stores in NYC are accepting only EUROS.

According to Billy LeRoy, who owns an antique shop in the East Village: “I recently put up a sign saying ‘euros only’. It started as a tongue-in-cheek thing, but there’s a European for every five people here.”

He added, “And I really need to collect euros and pounds now. Five years ago, this would have been unheard of, but if you offer dollars in France now, they treat you like you’re from a Third World country.”

As of today, a Euro is worth 1.47 dollars. As the value of the dollar continues to fall, this trend of Euros becoming the new dollar could widen.

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