dollar is not accepted in Indian tourist site

[vijay]

http://www.forbes.com/feeds/ap/2008/01/03/ap4489577.html

Suddenly the US Dollar is loosing its appeal in India, just because US is going thru tough phase and India has a white-hot economy. These guys are so fickle. It may not mean a big deal, but to the US a majority of its currency is circulated outside the US and currently quite a few countries are looking to off-load Dollar reserves.
This is so typical of India and they wonder why the US is not an ally, do they think that US govt will not take notice, just wait for the next economic-cycle, as soon as the elections are over and US pulls out of Iraq.

[Going_nowhere]

http://www.forbes.com/feeds/ap/2008/01/03/ap4489577.html

Suddenly the US Dollar is loosing its appeal in India, just because US is going thru tough phase and India has a white-hot economy. These guys are so fickle. It may not mean a big deal, but to the US a majority of its currency is circulated outside the US and currently quite a few countries are looking to off-load Dollar reserves.
This is so typical of India and they wonder why the US is not an ally, do they think that US govt will not take notice, just wait for the next economic-cycle, as soon as the elections are over and US pulls out of Iraq.[/quote]


The USD is the mosted hated currency in the world.

Countries have started realizing that their USD reserves are being used for useless expenditures (wars, subsidies to the US housing sector, etc) and do not want to keep funding the US. There's simply too much of excesses that need to be removed before any signs of improvement appear.

I say India should dump the USD and go for Euros or a basket of currencies.

[JaiSriRam]

http://www.forbes.com/feeds/ap/2008/01/03/ap4489577.html

This is so typical of India and they wonder why the US is not an ally, do they think that US govt will not take notice, just wait for the next economic-cycle, as soon as the elections are over and US pulls out of Iraq.

Whats the issue with that. India is a sovereign nation, and should use only its currency for transactions within the country. It was a bad thing to go with USD first, but now if they correct that why woudl US care about that.

[Ace Novice]

...This is so typical of India and they wonder why the US is not an ally, do they think that US govt will not take notice, just wait for the next economic-cycle, as soon as the elections are over and US pulls out of Iraq.[/quote]

In this case it is better to denote admission prices in an appreciating currency than a depreciating currency. Flip side being that if done across the board then India could be less attractive as a tourist destination for people from USA.

[Going_nowhere]

The Indian reserve is flush with dollars and doesn't want more of this junk in their reserves.

What the Indian tourism dept can do is still accept USD $1 bills and return a few of these bills (cash back) to foreign tourists to be used as toilet paper.

[arukish]

The Indian reserve is flush with dollars and doesn't want more of this junk in their reserves.

What the Indian tourism dept can do is still accept USD $1 bills and return a few of these bills (cash back) to foreign tourists to be used as toilet paper.

$1=39.17 Rupees...still Toilet paper?what a joke???:emangry:

[Suri]

$1=39.17 Rupees...still Toilet paper?what a joke???:emangry:[/quote]

And why work in NJ for toilet paper?:emdgust:

[IndianByDefault]

And why work in NJ for toilet paper?:emdgust:

Maybe the after effect of AAP shrinking in recent times. :emsmile:

[Going_nowhere]

And why work in NJ for toilet paper?:emdgust:[/quote]

Admin: The title of the thread is "dollar not accepted by Indian tourism". We're not discussing people's personal preferences. Your post has no relevance on this thread.

[RRS]

I'm not sure what you're suggesting, but I'm suggesting you to wait till the hangover gets over.[/quote]
This was your post in financial thread but here,time to drink your own medicine :-) looking at flak your comment is generating.