In another sign of the weakening value of the US dollar, currency exchange shops in Amsterdam have started refusing to exchange US Dollars for Euros. Basically they are worried that the dollar’s value will drop while they’re sitting on them, before they can trade them in at a central bank or otherwise sell them. So essentially the dollar is dropping in value so quickly that folks in Europe don’t want them any more.
In a similar move, tailors in Thailand are now advertising their prices in Euros in an effort to stabilize their profits.
In other words, it is probably already too late to trade in your dollars, but if you haven’t yet, it is probably worth trying anyways.
I’m scared of our trip to Turkey and the UK later this year. Here’s dreaming of a recovery that just isn’t going to happen 🙁
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