Word: cordoba
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Last week the Managua regime unveiled a desperate strategy to tame Nicaragua's hyperinflated economy. The government replaced the existing currency, the cordoba, which was officially valued at 20,000 to the U.S. dollar, with a new cordoba pegged at ten to the dollar. The monetary shuffle, coupled with drastic price increases, left many of the country's 3.3 million citizens baffled and worried about their purchasing power. A gallon of gas that used to cost the equivalent of 16 cents, for example, now costs $1.50. Explaining the decision to change the currency last week, Economist Mario Arana declared, "Things...
...long-awaited knock on the door finally came for Josef Schwammberger, one of the world's most-wanted Nazi war criminals. The ex-SS officer offered no resistance when Argentine police arrested him at his Cordoba retreat, 536 miles north of Buenos Aires...
...fare for the 20-minute ride is just under $10 but involves counting out 80 1,000-cordoba notes. The government's measures to cope with inflation include printing three additional zeros on its 20-cordoba bills in order to provide a denomination of some practical use. There are so many exchange rates that a visitor sometimes feels trapped in a hall of mirrors. For external debt, the rate is 70 cordobas to the dollar. The official rate for visitors is 9,500 cordobas to the dollar, while the flourishing black-market rate is up to , 18,000. A briefcase...
...latest confrontation began when angry officers staged uprisings at a barracks near Cordoba, some 400 miles north of Buenos Aires, and at the Campo de Mayo army base just outside the capital. Their chief demand: amnesty from prosecution for human rights violations. Alfonsin personally intervened to end < the three-day rebellion at Campo de Mayo. With more than 1,000 loyal government soldiers approaching the base on Sunday, he helicoptered from the presidential palace for a face-to-face talk with Lieut. Colonel Aldo Rico, who led the uprising...
Maimonides was born on Passover eve in the Spanish city of Cordoba in 1135 and died in Egypt in 1204. He was 13 when the Almohades, a fanatical Muslim movement, seized control of his hometown. The Almohades gave Jews the choice of death, conversion or exile. The Maimon family, choosing to depart, wandered for a decade before settling in Fez, then the capital of Morocco. Maimonides, educated by his father and other local rabbis, soon began his first major project, a commentary on the Mishnah, which is part of the Talmud, the massive and authoritative compilation of Jewish law. Maimonides...