Word: dollarization
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Dates: during 1980-1989
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...Saudis should understand that Israel's many supporters in the U.S. are not all American Jews. They comprise a broad cross section of Americans who are concerned not only with the Soviet threat but with the implications of selling a multibillion-dollar arms package to a country that in 1980 declared holy war against Israel. The Israeli lobby will never get my vote, but the Israeli people shall always have my support...
...Global figures are elusive because of governmental secrecy and the difficulty in determining dollar equivalents for various armaments and their related support systems. Most authoritative sources, such as U.S. Government reports and the Stockholm International Peace Research Institute (SIPRI) yearbook, include only officially sanctioned and publicly reported sales of major conventional weapons...