Word: franc
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Dates: during 1970-1979
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...dollar's gyrations last winter and spring cost the U.S. Treasury some $3 billion in support operations, the greenback was already so grossly undervalued against the West German mark that the exchange rate remained relatively stable at about 2.04 to the dollar. But the value of the Swiss franc rose to an alltime high of 1.75, and the price of gold surged to a record $201 an ounce on frantic trading in both London and Zurich...
...week-long oscillations added yet more irritation to the once enjoyable experience of spending U.S. dollars overseas. At present exchange rates, a U.S. Army lieut. colonel stationed in Japan earns less than senior Japanese guards ($25,900) employed at the base near Tokyo. In Paris, where the French franc hit a three-year high against the dollar and a Coca-Cola costs $1.25, California Tourist William Warrell glumly observed: "I don't see how people can travel anymore. I really...
...because the political and economic climate is more propitious than at any other time during President Giscard's four-year tenure. The Socialist-Communist opposition is still deeply split. With the threat of a leftist victory out of the way, prospects for the French economy have improved. The franc is steady, trade is in surplus, consumers are spending and corporate investment-which had been stagnant in anticipation of wholesale nationalizations by a leftist government-is picking...
...rent a small Mercedes-Benz 200 for a reasonable sum, he will find that it costs $82.60 a day, plus 30? per kilometer, plus gas, which can cost $1.75 per gal. on an autobahn. Obviously, the U.S. tourist needs to plan his trip with pfennig-pinching, shilling-saving, franc-squeezing acumen. If he does so, the wary wayfarer can still get a lot for his shrunken buck. Items...
University of Notre Dame William F. Buckley, LL.D., author, editor. A stowaway foretopman on the ship of state; a franc-tireur for the West and Christendom; a Burke, a Roland, a Quixote, with a whiff of Falstaff and a swing of the snickersnee...