The U.S. dollar denied

The future is looking grim for the U.S. dollar—well in India anyway. The tourism minister of India said today that the dollar will not be accepted at the Taj Mahal and other tourist sites.

In the past, those that visited famous sites in India were charged either 250 rupees or 5 dollars. The dollar has since dropped 11% in 2007 and is valued at around 39 rupees. India’s tourism minister argued that charging only rupees seems more practical and could save tourists money.

The Taj Mahal began rejecting the dollar in November. All of this is just another sign that Americans will have to dig deeper into their pockets—now almost $20 to visit highly revered tourist sites like the Taj Mahal.

Analysts expect the rupee to continue to appreciate, although not as dramatic.

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