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Word: abalkhail (lookup in dictionary) (lookup stats)
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...dollar's new strength and gold's weakness could pass quickly. If the world's moneymen decide that the Reagan Administration's inflation policy is too weak or that it will be killed in Congress, the recent currency adjustments might change again. Said Mohammed Ali Abalkhail, the Saudi Arabian Finance Minister, last week: "We are still looking for clearer indication of what policy Reagan will really follow. That will determine whether the current surge in the dollar is a temporary phenomenon. " - By Christopher Byron...

Author: /time Magazine | Title: Gold and the Dollar in a Flip-Flop | 2/16/1981 | See Source »

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