This is amazing! Pizza Patron claims that 60% of their customers and 45% of their franchisees are Latino and that accepting the Mexican Peso in place of cash is going to benefit their customers. However, they will not accept peso coins, only peso bills. Each cashier will be given a chart with the conversion rates on it and will give change back in American money.
I'm not sure how I feel about this. On one hand, this is very common along the border where people are constantly going back and forth. Dallas is the furthest known city from the border to accept this. On the other hand, why should we be accepting another country's currency?
Currency rates change daily. Pizza Patron will be calculating 12 pesos to equal a dollar. However, the current exchange rate is only 10.94 pesos to equal a dollar. The difference is to charge for the convenience of allowing the pesos to be used which will help offset the costs of converting everything back to dollars at the bank. But, what happens when 13 pesos equals a dollar, or 15 pesos... do the restaurants change their conversation charts daily or weekly to keep up?
Here's the full story. What do you think?