Taj Mahal says Rupee In, Dollar Out
If the dollar’s worldwide slide in value hasn’t set off any alarms yet, you should take note of the latest news out of India. The dollar is no longer accepted at the Taj Mahal and other tourist sites throughout India. Granted, this isn’t exactly the arbiter of the dollar’s value, rather it’s an exemplification of the worldwide perception about the United States.
Yet, this has ramifications for every business out there. In an increasingly global and volatile world, there’s no question that it’s becoming exceedingly difficult for US based businesses to expand overseas. While exports have benefited, establishing operations in local foreign currency is becoming dicey.
And it will only become more so throughout this election year.
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February 19th, 2008 14:35
Hey I came across your blog recently and had a few questions.
I was wondering what would be the best way to get in contact with you.
Best,
Bobby
bphan@clarkston.com
February 19th, 2008 18:17
the best way to reach me is by email at mark dot. rosner at@ gmail.com
April 17th, 2008 15:05
Thanks for the update. The dollar is getting killed.