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<p>[QUOTE="Cloudsweeper99, post: 82222, member: 3011"]TITLE 31 > SUBTITLE IV > CHAPTER 51 > SUBCHAPTER I > § 5103 Prev | Next </p><p><br /></p><p>§ 5103. Legal tender</p><p><br /></p><p> </p><p>Release date: 2005-10-11 </p><p><br /></p><p>"United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. "</p><p> </p><p>I'll have to look more closely at the code, but superficially this would indicate that the legal tender status of FRNs is still in effect. It clearly indicates "all debts" and distinguishes this from public charges and taxes imposed by the government. So far I'd have to say my statement is correct. </p><p><br /></p><p>If you order off of the dollar menu at McDonalds in the USA, and slap an FRN on the counter, they just dont' have the legal right to refuse service and demand Euros.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 82222, member: 3011"]TITLE 31 > SUBTITLE IV > CHAPTER 51 > SUBCHAPTER I > § 5103 Prev | Next § 5103. Legal tender Release date: 2005-10-11 "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. " I'll have to look more closely at the code, but superficially this would indicate that the legal tender status of FRNs is still in effect. It clearly indicates "all debts" and distinguishes this from public charges and taxes imposed by the government. So far I'd have to say my statement is correct. If you order off of the dollar menu at McDonalds in the USA, and slap an FRN on the counter, they just dont' have the legal right to refuse service and demand Euros.[/QUOTE]
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