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The common loon is the official state bird, and you guys have it on your 25C piece. It may be that we even copied your idea so that you might want to adopt our dollar as your new state currency. The rest of our money is very colourful and nice. I think this would be a very easy transition to make, and it would increase Canadian tourism for sure.
A few places near the border will accept loonies but you'll probably get closer to a quarter for them than a dollar. Canada and Minnesota have a lot in common, it may be the most Canadian US State, but it's still quite American compared to anything actually in Canada.
Do places of business near the border in the US take Canadian money? They must, yes?
No they will not and would only consider doing so if the Can buck was par or better to the U.S. dollar enough to offset the currency exchange fees charged by banks to businesses depositing foreign currency.
Some regions of the U.S. will float temporary deals with Canadian dollars at par but only due to enticing of tourism spending by Canadians on features offered by, or in the U.S. That all grinds to a halt when the Can. dollar sinks in relation to the U.S. as much as it has.
Why would anyone expect any business willingly absorbing an operating loss either through the basic exchange rate or through expenses charged by banks in transmitting that money back to it's country of origin?
Do places of business near the border in the US take Canadian money? They must, yes?
I have no idea if that's true, maybe they do, better to make a sale in different dollars, than no sale at all, but years ago, before the advent of the Euro in Europe,
stores close to the Franco-Belgian border would take French francs, and Belgian francs, at whatever rate suited the business.
Ditto Belgium-Netherlands with the Bf and the Dutch guilder.
I can't recall if France and Germany did it, with the Ff and German mark, but Spain where it bordered Portugal, little tourist stores took the Spanish peseta, and the Portuguese escudo.
When I was driving a licenced taxi in London, I had a printed, laminated sign on the glass partition, saying, this taxi accepts U.S. dollars and Euros, but my exchange rates would make a grown man cry.
If people demurred I'd say that I had no objection to waiting by a bureau de change or bank, or ATM, (with the meter running), while they got some British pounds.
In my personal experience..........Trying to pay for anything, in the US with Canadian currency is totally a waste of time..........I get it that for some very limited situations, with in a few miles of the International border....individual retail stores may offer a " Canadian money at par " deal to attract business. But that is what it is....a short term gimmick.
Having had a Canadian 25 cent coin thrown in my face, at a Georgia gas station by the cashier when I accidentally included it in payment for a coffee, was enough to make me remember it, from 10 years ago.
Jim B.
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