Please, not the Paul in Saudi/Boyo Jim stupidity again!!!
Schnitte: I’m sure the legal stuff you’ve cited suggests the picture is a little more complicated than I’d thought, but the notes are mutually acceptable, whether there’s a legal basis for it or not.
Curious situation though:)
Not so. It’s perfectly legal to accept them. “Legal tender” is a much misunderstood concept.
Well, then it makes Scotland a country where people are free to accept whatever currency they would like to accept (you could pay with gummy bears in a store if the store accepts them), but without a currency they are forced to accept. More accurate?
There are plenty of countries pegged officially or unofficially to the USD but trade in local currencies. For example, Hong Kong has a currency board system trades Hong Kong dollars at a fixed rate of HKD7.78=1USD.
You’ve got other countries like China which has a non convertible currency. However, the Chinese RMB has been pegged to the USD for quite a number of years. rmb8.28=usd1
Neither HK nor China take USD as a standard currency. You can get away with using USD in some places but you’ll get a crappy rate and these would be much the exception rather than the rule.
Walking…slowly…backwards…away…from…thread…:smack: