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Entries from Gothamist tagged with 'weakdollar'

February 7, 2008

In a sign of these struggling economic times, more than a few New York businesses are making it clear that money is money, whatever the currency. Reuters spoke to a few business owners who explained why they are open to moneys from foreign lands. East Village Wines' Robert Chu said, "We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank...[S]ome days, you'd be......

Continue Reading "Move Over, Dollar - NYC Stores Accept Euros"

January 14, 2008

The upside to the weak U.S. dollar? NYC made $28 billion from tourists last year. The Mayor announced that tourism to NYC was at record highs, with 46 million people visiting the Big Apple. Of the 46 million tourists, 8.5 million were from other countries, which is another high. From Mayor Bloomberg's speech:This incredible surge puts us well on our way to reaching our goal of drawing 50 million annual visitors by the year......

Continue Reading "Record 46 Milllion Tourists Visited New York City in 2007"

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