Word: gre
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Dates: during 1930-1939
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...Cuban American were allowed to handle the conversion, they promised to set up a Cuban national currency of 100,000,000 silver pesos. These Promoter Greñas and his bankers said they were ready to furnish at the rate of 5,000,000 a month. Cuba would have 2,500,000 each month as a seigniorage, would pay for the rest by turning over the U. S. and foreign currency captured through Cuba's sizable export balance. With its own currency Cuba could then set up a national bank to furnish Cubans with foreign credit in exchange...