Word: franc
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Dates: during 1940-1949
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Something which never really existed was formally ordered out of existence last week. In 1926 Belgium wanted to protect the Belgian franc from the skidding of the French franc (the two currencies had long been interchangeable). So Belgium established the belga, worth five francs...
...nobody took to the belga. No belga was ever minted. To travelers, Belgium's currency was still the franc. Last week the Belgian Government finally gave up. From now on, it will officially call its unit of foreign exchange the franc. The Belgian franc no longer needs protection. It is quoted at 2.3 U.S. cents, v. .8? for the French franc...
...townspeople of Fulton, Mo. (pop. 8,297) say there is no stopping "Bullet" McCluer. Short, jut-jawed, and effervescent, Franc Lewis McCluer has spent most of his 49 years in Fulton, as an undergraduate (class of '16), professor, and (for the past 13 years) president of tiny Presbyterian Westminster College. Bullet McCluer is a whirlwind of energy and salesmanship who earned his nickname, as an undergraduate, from the machine-gun force of his debating...
...British Government had finally agreed, in order to get the dollar loan. France, too, by ratifying Bretton Woods and devaluing the franc, showed that she would try to fit her economy into a system of multilateral trade...
More Guns. The dark mood was deepened by another politicians' "crisis." In the Constituent Assembly, leftists wrangled bitterly with President Charles de Gaulle. Le grand Charlie grandly insisted on a 125,000,000,000 franc ($1,050,400,000) military budget-55% more than the proposed expenditures for reconstruction. Few Frenchmen could believe that military needs were greater than civilian...