Word: greenbackers
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...dust finally settled at week's end, a dollar could buy only 241 Japanese yen, 2.14 deutsche marks or 2.06 Swiss francs. Since January the dollar has lost 22% against the yen, 19% against the Swiss franc and 11% against the mark. Nor has the once mighty greenback been dropping only against those traditionally strong currencies; lately it has also lost ground against the anemic French franc and British pound...
...reluctant to comply for fear of igniting a new round of inflation. The growing U.S. deficits have been of concern to foreign money men; about a month ago they began dumping their dollar holdings to buy stronger currencies-thus setting off the current slide in the value of the greenback...
...world's best credit card is still the greenback...
...apartment at 625 Morse Street where Patty and Yoshimura were captured, the FBI discovered a single greenback-denomination undisclosed-that was stolen from the bank in Carmichael. It was a "bait bill"-a piece of currency, whose serial number has been previously recorded, that bank tellers often surrender to stickup men in the hope that the loot may be traced...
...economy continue to improve. But nobody expects a strong rebound, much less a return to the robust exchange rates of the 1960s. Too many dollars spilled out by years of U.S. international deficits are still sloshing around the world, and as long as that continues, the once mighty greenback is likely to remain an invalid abroad...