Circle K stores accepting pesos

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By Amity Addrisi and BakersfieldNow.com Staff

Summary

The chain has been accepting pesos at locations in Arizona for decades, Texas and New Mexico for about a year, and now Circle K officials are testing the service at stores in California.

Story Created: Aug 14, 2008 at 6:02 PM PDT

Story Updated: Nov 21, 2008 at 12:40 AM PDT

Circle K stores accepting pesos
A local convenience store is accepting currency from across the border.

Circle K Stores Inc. is accepting Mexican pesos. The chain has been accepting pesos at locations in Arizona for decades, Texas and New Mexico for about a year, and now Circle K officials are testing the service at stores in California.

Company officials say accepting Pesos has been successful and is a way of opening the market to all customers. Circle K charges a small percentage for the exchange rate it pays to its bank.

The company has established a rate of exchange of 11 pesos for every U.S. Dollar, but the rate is subject to change.

Customers will see signs in Circle K stores indicating whether that location accepts pesos. Change for merchandise purchased in pesos will be given in dollars.

Circle K officials are looking into accepting Canadian currency, and some stores in the eastern United States accept euros.