Posted on 07/28/2010 7:51:56 PM PDT by NorwegianViking
The Waco, Texas Ross Dress store has been accepting pesos in payment for merchandise.
WACO (July 28, 2010)--The Waco Ross Dress for Less Store has been accepting pesos in payment for clothes, accessories, decorations and more and customers' reactions are mixed.
Some said Wednesday they’re concerned the dollar could be devalued if the practice spreads to other businesses.
Customer Amy Silva told News 10, "I think we need to stand up and say, 'Stop this.' This is America, and we have an American dollar."
Sharen Underwood says she feels if the practice catches on, the negative effects could be far reaching.
“That'd be rough, she said.
But other customers called the decision to accept Mexican currency a positive move.
(Excerpt) Read more at kwtx.com ...
If they can do the rate of exchange, arbritage against fluctuation and deposit every day, can be very profitable.
Really, when I travel anywhere they almost always take American Wampum.
Only thing I do is check exchange in the morning, except in France they change 2x a day.
I do the calculation with them and they we argue. A bit like negotiating.
You don’t know the rate and what’s fair = pay full price.
Personally, I and the vendors have fun with the give and take and pretending to call each other friend, being a little insulting and then back to friends and the ultimate bluff:
I don’t think we can do business together. That’s too bad. I only have (x) amount of money with me today and I will be spending with someone today. I really wanted that but maybe it’s not meant to be.
Turn and leave and wait for the panicked “Okay, come back...”
It’s a game of who flinches first and everyone has fun.
You bet...We are seeing more and more of that...
Every time I go to Texas, I go to the biggest HEB I can find and stock up on all the Mexican stuff I can’t get here, such as machaca, Tajin, special achiote, etc. and then UPS it to myself here on the East Coast. I love HEB.
Me, I wouldn’t take pesos, simply because I wouldn’t want to go through the hassle of dealing with more than one currency. Not to mention determining if its genuine or counterfeit.
Beaver pelts, now, that’s another story!
mexico is a horrible, despicable neighbor to the United States, i go out of my way to not buy mexican.
That was my very first thought. Although depending on whether the Loonie dollar exchange rate is running up or down some places, North or South, may want you to cover it.
Some people have absolutely no problem supporting the corrupt and despicable.
All Your Pesos Are Belong to US!
There are a lot of things I buy from Mexico because they are good. For instance, their avocados and mangos are the best, also their limes have twice as much juice and cost half as much. Just because I buy their groceries doesn’t mean I endorse the Mexican practice of pawning off its poorest and most illiterate and dysfunctional on us, and sending them off to invade our country.
When I was stationed overseas, there was a foreign national that went door-to-door every day selling the local currency for dollars. He provided a service for anyone that didn’t want to go back on base to make the proper exchange. Old Tony would box the bills up and send them to their Capital city where his accomplice would shop the major banks for a favorable exchange fluctuation the other way. In a place where the per capita income was only a few hundred dollars a year he was able to live well right on the shady edge.
Waco is 338 miles from the international border, so it isn’t exactly in the same situation as Buffalo...
Heck, I’ve even been known to accept a sincere smile and good manners as partial payment (especially if they come from a cutie!)
Makes my own mrs. angry when they get a discount though, but I make up for it, I charge the Fugly bra-burners extra.
It all works out in the end :)
I really think that this is NOT breaking news.....
I’ve been to Northern Maine where Loonies are accepted.
I’ve been to Manhattan, NY where British Pounds and Euros are accepted.
I’ve been to Disney World area tourist shops/restaurants of Orlando that accept Pounds, Euros, and Brazilian Reals.
Currency does NOT define a nation. IN the next few years as the bastards in DC and the NYFed hyperinflate and devaluate the US Dollar, and by the way, that will devalue the Canadian Dollar and Mexican Peso also. Also the Bahamas, Bermudans, Panamanians, and Belizeans while we’re at it.
When I sold computers in Spokane, we did great business with our Canadian neighbors in their currency. They were excited to drive six hours to our shop and get deals that weren’t available to them at home.
This “news story” is populist garbage.
When we take their currencies, we’re “stealing” =their= country’s business. Mwa-ha-haaa!
Good thing, too. With our present set of “best and brightest” in D.C. I can see US dollars being less attractive for US business than relatively “hard” currencies from overseas. Like, maybe, the yuan and the baht. ;)
Start stocking up on those currencies. Remember what FDR did to gold when he’d sunk the dollar—it’s no protection. :)
On top of that, much of the illegal problem is economic. If they weren’t so poor...they wouldn’t WANT to come here....
I love HEB. I won’t shop for groceries anywhere else. I love their international foods.
Yep, that happens on both sides of the border; depending on the amount and the rate you may get a better deal from a bank or currency exchange. The latter will usually give you a better rate than retailers, but the savings are offset by a per-transaction fee.
Back in the days when our dollar was below 80 cents, a lot of shops and tourism operators (especially in Florida) would accept our dollar at par to hang onto our business.
It’s actually not that difficult- I managed a retail store in Toronto back in the 1980s. When a customer tendered US currency, we simply used our rate to calculate the CAD equivalent, told the customer what the currency was worth to us, then made change with Canadian money. We would put the money into our night deposit and the next morning the bank would tell us how much CAD went into our account.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.