Word: dollarization
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Dates: during 1980-1989
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...four million dollar overhaul of the 55-year-old building began last spring and was slated for completion by the beginning of September...
...three dollar bleacher seats are cheaper than tickets to the zoo; dishing out the four extra bucks for more civilized lodgings in the grandstand or box seats will save your clothes numerous beer baths...
...addition, Du Plessis announced the reintroduction of the two-tier rand, which was in effect until 1983. Under this system, the U.S. dollar price of the "financial" rand will be set by the central bank and pegged lower than the "commercial" rand. Foreign investors will be able to buy South African stocks at the lower financial rate, but will be required to sell at that rate. The financial rands will not be allowed to leave South Africa, although nonresidents will be free to buy and sell title to them in other countries...
...detective from New York. "It appears that they don't have any idea of the consequences of taking someone's life," he says. "When you get a guy to 'fess up as to why he did it, you get very shoddy answers: 'He took my coat.' 'He took my dollar.' 'He stepped on my girlfriend's foot...
During the 1970s, on the strength of its oil revenues, Nigeria launched ill- planned, multibillion-dollar public works projects, such as the construction of a proposed new capital city at Abuja and numerous petrochemical plants. When the country's foreign debt ballooned, many of these were left unfinished. Once Africa's leading food exporter, Nigeria became a net importer as farmers abandoned the land for the promise of lucrative jobs in the oil industry. As a result, shortages of basic commodities quickly developed. The Shagari regime's tolerance of corruption only added to the country's woes. In 1983 alone...