Word: dinaric
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...Israel solely for military purposes. Abdul Jawad Hussein, a retired businessman who owns part of the land where Beth-El is being built, says that since 1969 the Israelis have fenced off the land and prevented his family from using it. In return, he has been paid one Jordanian dinar ($3) per dunam, or $141 in annual rent for his twelve acres...
...steps, certain to be slow, although no timetable was set. Egypt and Libya were to form a mixed Assembly, with 50 members from each nation, to draft a constitution. They will exchange resident ministers and establish a higher planning council. They will also issue a new currency-the Arab dinar-but only for transactions between their tvo central banks...
...Tito seems once again to be responding to economic necessity-and a genuine conviction that Yugoslavia's reforms went too far. Partly because of mismanagement and corruption, Yugoslavia's hybrid market socialism has faltered. In 1971, as inflation spiraled upward at 15% despite two devaluations of the dinar, Yugoslav firms sank into the red, unable to meet payrolls, fill orders or attract vitally needed capital from the West. The result was that although Yugoslavia continued to depend on the West for considerable aid and the bulk of its trade, Belgrade had no choice but to rely more...
...payments deficit. By last August, Yugoslav consumer prices were 16% higher than a year earlier, and the balance of trade deficit soared 20%. In response, the government retreated toward central control of the economy. It held down wages, froze most prices, limited credit, restricted imports and devalued the dinar twice. The program held retail-price increases in the first quarter of 1972 to an acceptable 1.3%. In March, to bolster its trading ability, Yugoslavia obtained a $ 100 million stabilization loan from a trio of New York banks: Chase Manhattan, First National City and Bankers Trust...
...economy, which manages to combine capitalistic profit incentives within a Communist frame- work, has run into a severe inflationary problem. Despite a partial price and wage freeze last December, the cost of living is now rising at an annual rate of about 14%. A 20% devaluation of the dinar early this year failed to quench the thirst for foreign goods or boost Yugoslav exports. As a consequence, Yugoslavia has a trade deficit of $1.2 billion, with a gross national product of only $14 billion. Two large invisible assets, however, help close the actual payments gap. Foreign tourists bring Yugoslavia some...