Word: bolivianos
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Dates: during 1950-1959
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Gross tin income, from which comes two-thirds of the country's export revenue, fell from $93 million in 1951 to $57 million in 1957, and is still dropping. The world's worst case of inflation toppled the boliviano from 200 to the dollar in 1952 to 11,900 in January...
...emergency $2,000,000 for Bolivia's drought-parched farm areas. He praised the "evident spirit of international cooperation" demonstrated by the $25 million currency-stabilization loan granted last December by the International Monetary Fund, the U.S. Treasury and the U.S. International Cooperation Administration, pointing to the boliviano's climb (from 13,000 to the dollar...
...subsidized food and then rushing to sell them on the black market for a tenfold profit, Bolivians shop from plentiful stocks. The free price of bread and meat is about one-third the old black rate. Farm production will be up 59% by the end of the year. The boliviano has come down from its crazy peak of 13,000 to the dollar, and has been averaging...
...privileges that the workers took for their own after bringing the Nationalist Revolutionary Movement (M.N.R.) to power in 1952. He demanded death for the Eder program ("He speaks the language of the English viceroy in India"), and an end to wage ceilings. In the wake of the speech the boliviano took its first serious flutter in recent months...
House Cleaning. The stabilization loan announced last week came about after Bolivia, in despair, got the services of a U.S. consultant named George Jackson Eder, legal counsel for International Telephone & Telegraph Corp. and an old Latin American hand. The sum, equal at the present 10,000-to-$1 boliviano rate to nearly double the value of the 140 billion bolivianos now in circulation, should be enough, if carefully fed into the dollar market, to roll the boliviano well back. The experts guess that the boliviano's realistic rate will turn...