Banks are closing early to stockpile greenbacks. Ads champion the value of new dollarized bank accounts. And some stores have two sets of price tags ready to go. Guatemala moves closer to becoming the fourth Latin American country to adopt the U.S. dollar as its official currency Tuesday, when a law allowing residents to demand their paychecks in greenbacks, open bank accounts in dollars and settle bills using any foreign currency takes effect. Banks are closing early to stockpile greenbacks.
Ads champion the value of new dollarized bank accounts.
And some stores have two sets of price tags ready to go. Guatemala moves closer to becoming the fourth Latin American country to adopt the U.S. dollar as its official currency Tuesday, when a law allowing residents to demand their paychecks in greenbacks, open bank accounts in dollars and settle bills using any foreign currency takes effect. Two unidentified men try to sell dollars to a person driving by in Guatemala City, Monday. Guatemala is set to become the fourth Latin American country to adopt the U.S. dollar as its official currency Tuesday, when a law allowing residents to demand their paychecks in greenbacks, open bank accounts in dollars and settle bills using any foreign currency takes effect. Under the new law, businesses aren't required to accept dollars, but will be allowed to accept payment in any foreign currency if they want.