If I have 100 USD and I go to a bank somewhere in Europe and ask for an exchange in euros, how do they just accept it?
Like here’s my paper money that’s technically worthless to you, now give me your paper money that’s valuable to you.
In: Economics
There’s certain currencies that are accepted as foreign currency, some are not. In EU and much of the world they will exchange it. It’s not worthless it’s worth whatever the exchange rate is as well as the fee they will charge you on the difference/timing of the exchange.
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