Word: franc
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Dates: during 1920-1929
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...franc appreciated to 25 to the dollar last week, its highest since 1925, a rise of 20% in gold value since November. Premier Poincaré thereupon decided to peg the franc against further rise or decline. By his order the Bank France announced that until further notice it would buy or sell any number of francs at 25 to the dollar. Instantly speculation in the franc ceased. Frenchmen sighed with relief for a further rapid rise would have raised the gold price of French goods so much that French exporters would have been ruined...
...black field the golden lion of Belgium, below the motto L'Union Fait La Force. . . . King Albert of the Belgians stepped back from decorating M. Franqui. All the world knows that it was M. Franqui who negotiated the $100,000 000 loan which stabilized the Belgian franc (TIME, Nov. 8). Therefore King Albert warmly eulogized M. Franqui, bade him a pleasant journey to the Riviera whither he departed to recover his health, impaired by his great labors. Before he left Brussels, M. Franqui resigned as Finance Minister, but not until he had drawn up a voluminous memorandum covering every...
Premier Poincaré, shrewd psychologist, able politician, has been putting off until the last possible moment the autumn session of the Chamber of Deputies and has thus gained time in which to proceed unhindered with his franc-saving program which has raised the franc from 40 to the dollar to 30 to the dollar, since the Chamber rose (TIME...
Half the $100,000,000 international bond issue on the basis of which the Belgian franc was stabilized last week (see p. 16) was offered in Manhattan by a syndicate headed by the house of Morgan and the Guaranty Trust...
...half of the $100,000,000 issue was snapped up almost as quickly in London, Paris, Tokyo, Berlin, Amsterdam, Stockholm and Budapest. The stabilized Belgian franc, now quoted in units of five francs known as belgas, promptly mounted to a fraction over sterling...