The US dollar: the long farewell?

November 27th, 2007 by GoldSilver | Posted in Economic News |

It’s just straws in the wind so far.

India’s Ministry of Culture announces that foreign tourists can no longer pay in dollars when visiting the Taj Mahal and other heritage sites; they have to pay in good, hard rupees. Iran and Venezuela call for a joint OPEC statement on the weak US dollar, and Saudi Arabian Foreign Affairs Minister Saud Al-Faisal warns that any public reference to the US dollar’s problems could cause the troubled currency to “collapse”. Rap star Jay-Z’s latest video shows our hero flashing a wad of euros, not dollars.

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