U.S. Dollars No Longer Accepted at Indian Tourist Sites

U.S. Dollars No Longer Accepted at Indian Tourist Sites

www.cbc.ca

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 heritage tourist sites, including the Taj Mahal.

For years, the dollar was worth about 50 rupees ...

But with the dollar at a nine-year low against the rupee ...

Soni said that charging only rupees would not only be more practical, but would save money because "the dollar was weaker against the rupee."

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India joins the list of countries where the dollar is growing weaker and the business sector is no longer willing to blindly accept them without question.

There is a related story today where Ford has selected an Indian company named Tata Motors Ltd. with whom to negotiate the deal to sell it's Jaguar and Land Rover Divisions (Ford picks India's Tata as top bidder for Jaguar, Land Rover).

Who would have thought that India would be refusing dollars and buying prestige brand named assets from troubled US companies?

A sign of the times I guess.
.

www.cbc.ca
(visit the link for the full news article)

reply to post by Gools


oh how the mighty is falling and its not even from the outside but from the inside. im supprised even India which was considerd a 3rd world country due to the large number of people living in slums and ghettos refusing the Dollar.

im sure the american tourists can exchange it for the Euro and so on when they go abroad

U.S. Dollars No Longer Accepted at Indian Tourist Sites

Wow! Initially I thought, "How will they continue to make money at their casinos?" Now I realize you meant the other Indians. That sounds reasonable I suppose.

reply to post by bodrul


bodrul , india funds 15 $ billion dollars worth of US public debt in form of treasury bills

at some time india was a beggar
now USa is begging from the former beggar nation itself


how ironic ..

[edit on 3-1-2008 by manson_322]

^^why do you have that dude as your avataar?!!

reply to post by manson_322


Yes you are right India is now starting to buy our debt also, how ironic how the world turns and turns around and still people here in America are still living in oblivion.

reply to post by Daedalus3


why is it a crime to have manmohan singh as my avatar ,

nope.. just is run-of-the-mill ATS type of thing thats all..

nobody's 'fanatic about that guy in India as well..
He's the "nice ol' benign PM profile.."

The whole topic is pretty silly. It was weird that they were accepting a foreing currency on their territory in the first place. I know, I know - some touristy countries do that occasionally, but it's not a norm, really.

Now, given that the exchange rate btw USD and the rupee was always in the equation, "we don't take dollars because the dollar is weak" argument is silly. Take more dollars, stupid.

Originally posted by Daedalus3
nope.. just is run-of-the-mill ATS type of thing thats all..

nobody's 'fanatic about that guy in India as well..
He's the "nice ol' benign PM profile.."

but , i have one thing to say , though a very good economist and finance minister , hes a weak foreign policy maker and bending too much for the nuclear deal in front of USA

any ways if you read the times of india , they have no idea about the implications of hyde act and are full of crap and are blind cheering for USA

in fact Arun Shourie ,former minister and BJp member had a excellent write up in the indian express on the implications of hyde act

reply to post by buddhasystem


retaining more of your dollar will lead to apprecation of rupee, thus hurting the indian economy

What I find appalling is how some of you are posting in what seems delight in the falling of our dollar and the impending doom of the American people, for we are the ones that will suffer from the final collapse.Families are loosing their homes and being put on the street and loosing their life savings, and we have a leader that seems to care more about other countries than his own people. You know I can remember how the American people would open their hearts and dollars to people around the world who were in need by sending money and food to impoverished nations,providing medicines were needed and yet people such as you manson_322 find delight in all of this with your smiley faces.Your post makes me ill knowing you find amusement from it all.

[edit on 3-1-2008 by CaptGizmo]

reply to post by Gools


90 year low against the Ruppee??

I wonder, if our currency could bounce back, how many people would convert back and resume acceptance of Dollars. Be it tourism or oil.

Originally posted by manson_322
reply to post by buddhasystem

 

retaining more of your dollar will lead to apprecation of rupee, thus hurting the indian economy

That's not at all related to what I was saying. It's still possible to exchange USD to rupees at the bank, and vice versa, and that's that. Accepting these at the tourist site, or not -- is not relevant.

Originally posted by Rockpuck
reply to post by Gools

 

90 year low against the Ruppee??

I wonder, if our currency could bounce back, how many people would convert back and resume acceptance of Dollars. Be it tourism or oil.

This, I think is the question of the day. The US dollar being based on oil slowly sinking is scary. Once it reaches the tipping point and OPEC nations bail on the dollar as their standard in trade we are in serious trouble.

Originally posted by CaptGizmo
What I find appalling is how some of you are posting in what seems delight in the falling of our dollar and the impending doom of the American people, for we are the ones that will suffer from the final collapse.Families are loosing their homes and being put on the street and loosing their life savings, and we have a leader that seems to care more about other countries than his own people. You know I can remember how the American people would open their hearts and dollars to people around the world who were in need by sending money and food to impoverished nations,providing medicines were needed and yet people such as you manson_322 find delight in all of this with your smiley faces.Your post makes me ill knowing you find amusement from it all.

[edit on 3-1-2008 by CaptGizmo]

I agree. It is unfortunate that ATS is so infested with America haters, and even worse that many of them seem to be Americans themselves. Is it masochism, or a suicidal death wish on their part?

reply to post by Rockpuck


so how will this happen? how will the dollar bounce back?

Originally posted by CaptGizmo
What I find appalling is how some of you are posting in what seems delight in the falling of our dollar and the impending doom of the American people, for we are the ones that will suffer from the final collapse.Families are loosing their homes and being put on the street and loosing their life savings, and we have a leader that seems to care more about other countries than his own people. You know I can remember how the American people would open their hearts and dollars to people around the world who were in need by sending money and food to impoverished nations,providing medicines were needed and yet people such as you manson_322 find delight in all of this with your smiley faces.Your post makes me ill knowing you find amusement from it all.

[edit on 3-1-2008 by CaptGizmo]

THIS IS THE BIGGEST LOAD OF BS I EVER READ...

YOU MURDERED A 2 MILLION PEOPLE IN IRAQ FOR OIL
CREATED ISLAMIC TERROR THAT HAS LED TO DEATHS OF MILLIONS

IMPOVERISHED MILLIONS THROUGH EXPOLITATION GENOCIDE AND STARVATION

[B]fact is that most americans are arrogant , and use propanganda to hide their war crimes against humanity[/B]

have you ever seen journalist John Pilger 's documentary "War on democracy , do see it and , you wil realise how USA has murdered millions in latin America and across the world
the entire documentary

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reply to post by buddhasystem


EXCEPT THAT APPRECIATION OF RUPEE AGAINST DOLLAR HARMS THE LIVEIHOODS OF LOCAL TOURIST GUIDES