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US currency tends to be accepted in non-US countries with an unstable national currency. Because the US dollar is considered stable, it can be safely assumed it will keep its value. Local currency may become worthless due to hyperinflation or national crisis. However the pound sterling is similarly stable as the US dollar.

A shop in England may accept whatever it wants as payment, this is a negotiation entirely up to the shopkeeper and customer. He may accept US currency, or other goods, or services, if he so chooses. The vast, vast majority of places will not negotiate in this way though, as then the receiver will have to pay to convert the currency into pounds sterling.

A bank will not accept foreign currency at all.

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14y ago

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