My in-laws have traveled to India four times. In their first trip in 2004, vendors happily quoted them prices and accepted payment in US dollars. They returned from their last trip a few days ago to say that vendors no longer accept US dollars. Is this another sign that US dollar is losing its status as the reserve currency of the world?
Advertisements
My God!!!
However, Indians love both gold and silver, according to 101 Centavos:
http://www.101centavos.com/2011/03/08/travel-journal-india-part-one/