Sign of the Times

Sign of the Times

5 January 2008 · No Comments

Remember when the U.S. Dollar seemed to be almost a universal currency?

From the AJC:

In a sign of how the once mighty U.S. dollar has fallen, India’s tourism minister said Thursday that U.S. dollars will no longer be accepted at the country’s heritage tourist sites, like the famed Taj Mahal.[...]

The Taj Mahal, India’s famed white marble monument to love, which had charged tourists $15 or 750 rupees, has been refusing to accept dollars since November.

The article mentions that it is more complex than just blaming a weakening dollar, and I think it would be fair to take this as much as evidence of maturation of India’s economy to the point that the Rupee is now highly preferred at least in its own country.

But, it’s still sad to think that the Greenback is less welcome than it once was around the world.

Tags: Actuarial Musings · · ·