http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/010607dnbuspesos.31047f5.html Dallas is quite far from the border I do recall.
Very Do we have an official national Currency? or is that illegal or unconstitutional as well? Rocket River
That can be kind of a pain for the bookkeepers. I know this because sometimes my ho's come back from a night's work with pesos and it REEKS HAVOC on my accountants. They usually get a thorough beating from me (or my "muscle") when that happens.
who cares?? if a private business chooses to accept pesos in exchange for pizzas...who cares? it's a marketing tool. i have no idea if it's a good marketing tool or not.
Do yall remember when sometime in the late 80's some furniture guy here in Houston had a tv/radio spot saying you could get this expensive piece of furniture for 1,000 bananas (or something like that) so a bunch of people when out and bought cheap bananas and he had to honor it. It might of been Ol' Bear from Superior Waterbeds. I don't remember.
We do have an official national currency. All debts are payable in greenbacks in the United States. However, two parties can contract payment in any form they please. I can barter for pizzas with my navel lint if I want.
Sounds like an accounting headache for the company. At least they're using a fixed exchange rate (one that is to the detriment of a peso-payer). Anyone know if the Mexican peso is a free-floating currency -- I assume it is. Maybe Patron wants to expand into the banking business, and this is the first step on a long road.
Am I the only one who noticed that the $/Peso exchange rate hasn't been as high as $12 in at least 5 years. It's currently about $11. I see almost no risk for Pizza Petron here, especially since they can just hedge out the expected volume they'll receive over the promotion. Any increase in "expenses" assoicated with relying on fast food employees to do more math is offset by the fact that they may get a bump in customers and they WILL get an 8%+ bump just from the fact that they are selling the food at a higher cost (maybe offset by some bank costs to exchange the money back and create the hedge).
before we b!tch too much, remember it's not uncommon for other countries to accept US dollars..... so what's good for the goose is good for the gander....
Pretty cool...I actually have some pesos from previous trips...I have currency from every trip i've been on...I'm kinda nerdy that way..That and matches and casino chips and dice... I bet you get a really crappy exchange rate, but who cares...I've never had one, but may try it...
I think it's dumb. "Daddy, daddy, can we have some Pizza?" "NO! We have plenty of that in Mexico... why here?" "well, they DO accept our currency, dad." "Still. No AMERICAN PIZZA, niños, let's get on the plane and get back to MEXICO..." Yeah, since we're so close to FRANCE and EUROPE. What else do you have? Kim, that's the other thread about the "friends"...
