Word: greenbacker
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...replace the dollar bill with a gold-colored coin bearing the likeness of Christopher Columbus. The change would boost business for vending machines and could help the blind distinguish a dollar from larger denominations. It would also save money: coins last 13 times as long as the average greenback's 18- month life-span...
...dollar, after opening in Tokyo Monday at a post-World War II low of 120.45 yen, rocketed to 129.45 by Thursday in New York. Against the West German currency, the greenback jumped from a record low of 1.56 marks on Monday to a week's high of 1.65. But no one could say whether the dollar's comeback could endure. The fragile currency backslid somewhat against the yen and mark on Friday in reaction to estimates that the U.S. budget deficit would balloon once again in fiscal...
...Group of Seven (the U.S., Britain, Canada, France, Italy, Japan and West Germany) issued a statement saying the dollar had fallen far enough. The central banks of some of these nations have been buying dollars heavily in exchange markets, but currency traders doubt that intervention can keep the greenback stable for long...
...Gerhard Stoltenberg, eased slightly, aided by an announcement from the German central bank that it would cut two of its less important interest rates. If Bonn were to follow up * on that step and reduce its prime interest rates, there would be less pressure on the dollar. Reason: the greenback has been declining because U.S. interest rates have lately been falling in comparison with those of West Germany and other countries. Moreover, lower interest rates could stimulate Germany's appetite for American products and thus help reduce the troublesome U.S. trade deficit...
...greenback must continue to fall, say many economists and now the Administration, if the U.S. is to curb its ruinous trade deficit. But no one can argue that such a strategy offers a simple and painless cure for America's economic ills. On the contrary, the perils are enormous and the effectiveness is uncertain. The immediate challenge for the Federal Reserve and the U.S. Treasury is to control the dollar's descent -- no easy feat -- and prevent a free fall, which would scare off foreign investors, drive up U.S. interest rates and perhaps cause another panic on Wall Street...