[Dilbert San Diego]

I wonder what the law is on this. We know that American currency is our legal money. I wonder if the law is that only American money is permitted to be spent?

I think he sees a business opportunity if a lot of other businesses won’t take pesos.

[trumandogz]

I wonder if the law is that only American money is permitted to be spent?

No, that is not the law, nor should it ever by that law.

The man can sell me a pizza for a bag of magic beans as long as he and I agree on the deal.

[Past Your Eyes]

"What the law is on this"????

What is that supposed to mean? Couldn't he give his pizza away if he wanted to? What's the BFD???

Around here we get Canadian money all the time. The banks don't want it. But you can exchange it at whatever the rate is that day.

[Cornpone]

I wonder what the law is on this. We know that American currency is our legal money. I wonder if the law is that only American money is permitted to be spent?

I'm not a lawyer and I'm just guessing but I suppose whatever currency you choose to accept is up to you. The government only requires that you must accept U.S. currency. If you're willing to go through the hassle of accepting other currency and deal with exchanging it you can do what you want. In all probability this guy is ripping of the stupid immigrants by offering a fixed exchange rate regardless of what the official exchange rate is. I've dealt with this in many countries. Almost everyone will accept the dollar or euro. You just have to be willing to surrender it on their terms which are usually worse than you would get at a bank.

[1rudeboy]

That’s why I don’t understand what the fuss is all about. There is no law that states he only can accept American currency. He can accept conch shells as payment, as long as he reports it somehow to the authorities.

[buccaneer81]

I wonder if the law is that only American money is permitted to be spent?

Nope. Go to Wal-Mart in Houlton, Maine and watch the Canadian money change hands. It's called free enterprise.

[ReignOfError]

I wonder what the law is on this. We know that American currency is our legal money. I wonder if the law is that only American money is permitted to be spent?

Plenty of stores basically print they're own scrip -- they're called gift certificates. Most companies nowadays have gone over to electronic gift cards instead, but any business in a tourist area accepts paper travelers' checks. Whether they accept denominations other than dollars is another issue.

[dighton]

He can exchange his pizzas for pesos, euros, rubles, rupees, shiny beads, or the aforementioned magic beans.

I wonder what the law is on this?

For what it’s worth, my state (CA) explicitly provides for sales tax on foreign currencies, as I’d wager do other states:

“Tax is measured in United States dollars based on the conversion rate of the foreign currency as of the date of the contract for the sale.” (Source, State Board of Equalization)