Word: dollarization
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Dates: during 1980-1989
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...from a dissatisfied critic, Duggan offers many constructive ideas. He suggests installing lights on the field and charging a dollar admission for Friday night games to pay for the lights...
...Crichton stocks her closet regularly with shirts for less than a dollar, wool tweed blazers for less than $2, or winter coats for $4 each...
...first, I went out of curiosity," Crone says. "Then I started finding really good buys." He mentions buys like 75 cents to a dollar for cotton, button-down shirts and a dollar or two for pants...
...socialism, private enterprise survives there. Indeed, the free-market system that Hanoi vowed to crush accounts for 60% of the South's economic activity. Out of necessity, the regime has tacitly accepted the fondness that the entrepreneurial Saigonese have for profits-and even the still treasured U.S. dollar. Following a visit to what is now officially called Ho Chi Minh City, TIME Correspondent David DeVoss filed this report...
...attract needed dollars, the government is resorting to vintage capitalist incentives. Saigonese with dollar accounts abroad who repatriate their wealth are rewarded with access to duty-free stores that sell imported goods. Citizens who receive dollars from relatives overseas can exchange them for Vietnamese dong at a premium rate. Businesses that make products for international trade are allowed to receive or spend dollars and gold freely. Explains one government adviser: "We don't care where the dollars come from as long as they are used to import raw materials and create new jobs." Saigon is also welcoming investment from...