Dollar Hits 12-Year Low Against Yen

Travel Blog • Jim Benning • 03.13.08 | 4:13 PM ET

Photo by Delvis via Flickr, (Creative Commons).

You want bad travel news? We got your bad travel news. The dollar’s tumbling value in Japan is today’s big headline. (Japan-bound budget travelers might want to cancel that hostel reservation and book a night here.) But the dollar has been sinking around the globe, from euro-land to India, for some time now. Get this, from the AP: “At the Taj Mahal, dollars were always legal tender, alongside rupees, for entry into the palace. But because of the falling value of the dollar, the government implemented a rupees-only policy a month ago.”