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March 18th, 2008 at 5:35 pm

Amsterdam Currency Exchangers Won’t Take US Dollars

US dollar
Currency exchange outlets in Amsterdam won’t trade US dollars for euros because the value of the dollar is dropping so quickly they’re afraid of losing money, even with the outlandish vigorish the sleazy little joints usually tack on.

The U.S. dollar’s value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.

“Our dollar is worth maybe zero over here,” said Mary Kelly, an American tourist from Indianapolis, Indiana, in front of the Anne Frank house. “It’s hard to find a place to exchange. We have to go downtown, to the central station or post office.”

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    I’m surprised the Kelly’s could find any Dutch persons in Amsterdam to negotiate currencies with! Amsterdam is populated mostly by immigrants from the third world, and the ratio of immigrants to natives is growing by the minute! Third world currencies are probably valued very highly in Amsterdam these days!

    Al Fin on March 19th, 2008

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