An article in the Los Angeles Times reports on the fall of the US Dollar and how black market currency traders in China are now hesitant to accept dollars.

Nobody here wants the lowly American dollar anymore. Not businessmen, not bankers, not even the “yellow bulls” like this man, who has been a black-market trader for years and whose presence in the lobby of a large state-owned bank is tolerated, oddly, by its managers.

The article how the continuous fall in the value of the dollar has led to the hesitation of black market traders to hold onto their dollars.

n recent years, the dollar’s slide has been much sharper against other major currencies, including the euro and the British pound, reflecting what many experts believe is the result of the U.S.’ borrowing binge over many years. That has left the nation deep in hock to foreigners, of which China is among the biggest creditors.

“It’s meaningless to buy U.S. dollars,” said another Chinese black-market trader whose turf is in front of the Citibank branch in Shanghai’s riverfront area known as the Bund. The currency has lost its luster, he said.

“Even the government doesn’t want it.”