N.Y. Shops Say Use of Euro Makes Cents: ; Retailers Bank On Foreign Currency for Use in International Purchases

Summary

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NEW YORK - "Euros Only" reads a handmade sign in Billy's Antiques & Props on East Houston Street in Manhattan. But that's really just an attention grabber. Actually, owner Billy Leroy explains, the store will accept Canadian dollars and British pounds, and U.S. dollars, too.

Leroy is one of a small but growing group of New York merchants in tourist-favored neighborhoods such as SoHo, the East Village and Times Square who have begun to accept the euro and other foreign currencies.

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Extract

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N.Y. Shops Say Use of Euro Makes Cents: ; Retailers Bank On Foreign Currency for Use in International Purchases

With the dollar near its lowest rate ever against the euro and the numbers of international tourists in New York at all-time highs, some store owners figure...

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