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Imagine you run a company and live in Australia. You sell to customers in the United...

Imagine you run a company and live in Australia. You sell to customers in the United States. Your customers pay you in US Dollars. Can you pay your workers in US Dollars? Can you pay your Australian electric bill in US Dollars? Can you pay your rent, mortgage, or buy equipment in US Dollars? (To clarify - I am not allowing you to "Exchange" for Australian dollars - then the person who has the US dollars has the same problem - what can an Australian actually purchase with US Dollars without exchanging them for (purchasing) Australian dollars?

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Answer #1

None of the bills or rents or wages can be paid in US dollars as it depends on country of origin and accepted currency within that country for circulation.

Custoners however can pay in US dollars which can be converted to Australian dollars based on current exchange rate mechanism and using payment gateway services like Paypal for example which accepts payment in different currencies without currency exchange policy.

PLEASE UPVOTE INCASE YOU LIKED THE ANSWER WILL BE ENCOURAGING FOR US THANKYOU VERY MUCH ALL THE BEST IN FUTURE

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