SocraticGadfly: No tengo dinero dollars

March 13, 2008

No tengo dinero dollars

Dollars no longer accepted at the Taj Mahal. Or Parisian flea markets.

George Washington at an all-time low against the Brazilian real since it was freely floated in 1999.

Brazilian moneychangers offering Chinese yuan to cut out dollars as a middleman.

Meanwhile, if Peruvians are hoaring their native soles currency instead of the dollar, you know the greenback really sucks.

And, unlike the 1970s oil crises and stagflation, the dollar has a competitor currency today.

Tour operators in Agra, India, near the Taj Mahal, will take euros. So will the Parisian flea markets, of course.

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