Financial transactions may be conducted in any currency. If they must be reported on your income tax return, they must be reported in both the currency used and USD (if different). You can own a bank account in a foreign currency; there is simply more paperwork involved for the customer and the bank.
Financial transactions may be conducted in any currency. If they must be reported on your income tax return, they must be reported in both the currency used and USD (if different). You can own a bank account in a foreign currency; there is simply more paperwork involved for the customer and the bank.