Word: dollarization
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Dates: during 1980-1989
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...fellowship selection committee this year raised the amount of each grant from $7500 to $9000 to ensure that the falling value of the dollar in world markets would not strain the recipients financially, said Kristine L. Forsgard, fellowship director at the Office of Career Services...
Forsgard said that OCS officials are currently seeking solutions to the problems created by the falling dollar and the decrease in the endowment's return. "We're still discussing what's going to happen with other fellowships," Forsgard said, adding she was sure OCS would be able to meet all of its obligations. "We're not going to leave anyone high and dry in Tibet." she said...
...case of remarkably appropriate timing, a presidential commission recommends bold regulatory action to prevent a recurrence of Black Monday just as the Dow Jones industrial average falls more than 140 points, its second worst day since the crash. -- On world currency markets, the dollar moves in a startling new direction: upward. -- GM wows 'em at the Waldorf...
...Angeles will be paying $7. Some Angelenos seem sanguine at the prospect. "Movies are better than ever," says Bob Singer, 32, standing in line for Moonstruck, "and I don't mind paying more for a better product. So why don't they just reduce the price of popcorn a dollar and call it even...
Friday's decline more than wiped out the four previous days of healthy stock advances spurred by an unexpected rally of the dollar, which was bolstered by the intervention of central banks in the currency markets (see following story). For the week, the Dow was down 27.52 points. As usual, there was a logical, if contorted, economic explanation of why investor sentiment so abruptly turned bearish. The problem started when the Government announced that the U.S. unemployment rate had fallen from 5.9% in November to 5.8% in December, its lowest level since 1979. To most people, that sounds like good...