I can tell you that more and more businesses here in Peru will not accept the dollar anymore for payment of goods and services. Hence the picture above I took at a shoe store in Lima, and led me to write this in January, 2013. I have updated and revised it somewhat. This article is chocked full of links as references. (All graphics in this post were pulled from the internet.)
There are two reasons why businesses don’t want to take dollars as payment. One is that much of the counterfeit currency is made here in Peru, not to mention the hassle of having to exchange it. The second reason is because the faith in the dollar around the world is waning…
Above is an excerpt from an over 5,000 word read on my website...Article
