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When the governor of Jakarta announced that he would enforce the ban on presents during Hari Raya, Indonesia's biggest holiday, local merchants complained that he was putting them out of business.
ECONOMIST: Pervasive corruption is bad for business
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Merchants have complained bitterly about Visa and MasterCard's rising costs of accepting plastic, particularly as a growing number of U.S. consumers use credit cards and debit cards for purchases.
WSJ: Visa, Mastercard Agree to $6 Billion Settlement Over Surcharges
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It is unquestioningly accepted at home and widely used beyond the euro area's borders. (Several countries, including Montenegro and Kosovo, use the euro as their currency without formally belonging to the euro zone.) The switch from old currency to new went remarkably smoothly, though consumers in many countries complained, perhaps predictably, that they were charged higher prices as merchants rounded up to new price-points in euros.
ECONOMIST: Holding together