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Container li a hover color FC. Fl color promo a img, fl color promo img border noneimportant. Even in South America workers prefer euros, other local currencies. Props in New York, prefers payment in euros so he can stockpile the currency for his annual buying trip to Paris. SAO PAULO, Brazil Antique store owners in lower Manhattan, ticket vendors at India’s Taj Mahal and Brazilian business executives heading to China all have one thing in common these days They don’t want U. Dollar is no longer just crashing on currency markets and making life more expensive for American tourists and business people abroad Its clout is evaporating worldwide as foreign businesses and turn to other currencies.
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But because of the falling value of the dollar, the government a rupees only policy a month ago. Indian merchants catering to tourists have also turned bearish on the dollar. In Bolivia, billboards feature George Washington’s image on a bill alongside a bright pink euro note, encouraging savers to turn to the euro to tuck away money earned abroad or sent home in remittances. This billboard in Bolivia says, If the dollar falls save in euros. Oil touches new high of a barrel.
Before it was like the second coming of Christ, but now they don’t want it or if they do take dollars, they’re going to take their pound of flesh. The dollar has steadily eroded in value against the euro and other currencies since as U. The dollar fell to a year low against the Japanese yen Thursday, dropping below yen to the dollar for the first time since November. That’s a jump of nearly percent just since Jan. IMF warns credit crisis can hurt global growth.
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