Word: francs
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...acres, 20 minutes by plane from downtown Nassau, seven white-sand beaches, and all priced to sell at $3,500,000. Is the purchaser partial to antiques? He can live in one (when he is not in his Breuer building). A restored castle near the Loire is a franc bargain...
Last week the judge found Mme. Chevalier and the abortionist guilty but acquitted the intermediaries. His sentences were conspicuously light-a suspended 500 franc ($100) fine for Mme. Chevalier, a suspended one-year jail term for the abortionist. That ended the case, but the battle over the abortion law was not likely to fade away...
...More. A more fundamental question is whether the dollar really can be treated no differently from the franc, mark, yen or lira. The dollar can no longer be the sun around which the entire monetary system revolves because the U.S. has lost the overwhelming financial dominance that it enjoyed in the 1940s, when the old system was created. But the American economy is still strong enough to make the dollar at least first among equals...
BELGIUM. As in France, there is a two-tier foreign exchange market that makes speculation in the Belgian franc expensive. Banks cannot increase their lending to nonresidents above the level of last March 9, and there are restrictions on payment of interest on some foreign-owned bank accounts...
...payments deficit, quickly came under attack. The West German Bundesbank had to buy almost $900 million in 90 frenzied minutes Friday morning before officials finally halted trading. In Switzerland, monetary authorities decided not to buy dollars to hold up the price, letting the dollar float down against the Swiss franc. As the situation worsened, French Finance Minister Valéry Giscard d'Estaing conferred with President Georges Pompidou and then announced that Common Market central bankers would meet in emergency session in Paris over the weekend to consider what...