New York Times article The US is expected to start accepting foreign currency as a form of currency as part of the US military exercises in the Philippines this week, US officials told Reuters.
The move will allow the US to hold more than $2 billion in foreign currency in its treasury and to use it for purchases from foreign military commanders and their families, officials said on Tuesday.
It will allow US troops to buy food and fuel at a much cheaper rate than they normally do, they added.
The use of foreign currency is a relatively new part of US military financing.
The Pentagon has been using it for about three decades, and has used it to buy fuel and ammunition from countries that pay for it with US military aid.