Quote:
Originally Posted by MaDalton
most of you are too young to remember (or not even being born then) how it was with closed borders and different currencies everywhere
and most of you don't make enough to worry about accounting in 20 or 30 different currencies
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Though as you don't pay VAT for exports, that part is easier, and you can accept/have payments in your own currency or have two accounting currencies (like USD and euro).
The real shit is the regulations, those are even in EU area still quite diverse; I mean if you want to obey those. But even now many companies just sell/ send all kinds of shit everywhere and with every style, no matter is it legal in the receiving country or not. As the risk for the sending company is quite low, unless they send container loads of the illegal stuff, or something like that.
Of course the situation is not the same for every company. For example Finnish paper industry received the payments in German marks before euro. But despite of the euro some companies still use much other currencies like USD, because of the nature of business; like Finnish Neste Oil (it buys oil in $).