| Many Greek businesses are accepting the Bulgarian leva and Turkish lira as tourism plummets and capital controls limit businesses' access to euros, the Financial Times reported Thursday. Acceptance of neighbors' currencies has become common, especially in the retail and tourism industry.
Last-minute bookings have fallen between 30% and 40% compared with the same period last year, according to Greece's tourism confederation. "There is nothing bad in accepting Bulgarian leva because it is stable and pegged to the euro so why not accept to do business with it? It is legal. There is no reason not to accept," said supermarket owner Athanasos Kritsinis, according to the FT. ..............................................Full Article: Source
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