The Economy: Tourists: Passing the Buck

IN Paris last week a beggar on the steps of Sacré-Coeur displayed a hastily scribbled sign: "Dollars are no longer accepted." In Kampala, Uganda, where the dollar used to bring 10 shillings on the black market, safariing Americans were lucky to get five. And in Zurich, hardhearted whores gave only three Swiss francs to the dollar, instead of the official 4.08.

Itinerant buck passers, including some 4,000,000 Americans living and vacationing abroad, faced a confusing array of exchange rates. Early in the week, the London Hilton was gouging its guests $2.75 for the pound, while the American Express office in that city...

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