Word: dollarization
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Dates: during 1980-1989
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...confiscate calligraphies. Mongolians who open cameras and expose film, and Russians who dispute visas because passengers no longer resemble their passport photos. Collecting our passports, the medal-chested officers search our compartments with flashlights, not for contraband, but for bodies. They then dismiss us to change money, U.S. dollar standard, while workers change the dining car and the outside wheels to accommodate the narrower Mongolian track. In the deserted station, the passengers mingle, elated--and shivery. We are relieved by an easy passage through customs, but frightened by the barbed wire and guns...
...surprisingly robust dollar is a source of pride and problems...
...midst of a growing guerilla war with the South African police and military. That battle, combined with economic no trade sanctions many nations have established, have weakened South Africa, as have the depressed gold market and the military economy itself. If the United States allows the billion-dollar loan next week, the president will strengthen links with a state that may be enduring a prelude to its long-awaited death throes...
...declared that he would henceforth place less importance on regulating the level of interest rates in the economy and attempt more directly to control the growth in money. He argued that such a program was essential for bringing down the runaway inflation that was destroying the value of the dollar abroad and creating chaos in the U.S. economy...
WHILE HIS OPPONENT was somewhere in the state squeezing out another vote for another dollar, John Winthrop Sears '52, the Republican candidate for governor, decided to take some time off from the campaign last Wednesday night. Speaking in a Kennedy School classroom-organizers feared embarrassingly low attendance and moved the event out of the larger Forum--Sears scrapped his standard plea for votes and talked instead of the frustrations of running for governor...