Word: francs
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Kwon has had 10,000 500-franc bills printed with the Yale Bulldog. Each player will be given 25,000 francs, and anyone who wins $500,000 will get a genuine $100 bill. Kwon has also had six blackjack tables shipped from New York for the event and plans to show horse-racing films...
Sink it did last week, and not so gradually. Before the agreement, the dollar had risen to 2.08 DMs; by week's end it had dropped to 2.03. It also fell against the Swiss franc, the French franc, the Italian lira and the British pound...
...France's parliamentary election campaign came down to the wire, London bookies were offering 6-to-4 odds against a leftist victory. The franc ticked up in the international money markets, a mini-rally stirred the moribund Paris stock exchange, and President Valéry Giscard d'Estaing and Premier Raymond Barre privately predicted a center-right win-by a narrow margin. But the left still led the center-right parties by about 50% to 46% in the latest polls, and there were plainly still some Frenchmen who were ready to resort to the traditional Gallic suitcase defense...
...sale of Caribbean islands where you go get a tan in winter?" he asked. "Do you know how much one of these little islands costs? Forty-two million dollars, plus $42 million more in building costs!" Marchais, as French politicians like to do for effect, was using "old franc" figures. The cost in new francs would be $4.2 million...
...more. The U.S. at the start of the year began buying unwanted dollars to prop up their price; that intervention, which Europeans insisted was too brief, accomplished nothing. The Swiss in the past two weeks have taken a series of drastic steps to stop the rise of the Swiss franc against the dollar; among other things, they lowered interest rates to as little as 1%, imposed a 40% "negative interest" charge on certain foreign deposits of more than 5 million francs in Swiss banks -meaning that depositors must pay 40% a year for the privilege of keeping these accounts...