Word: krona
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...Denmark (Krone) 6.89 Egypt (Pound) 2.89 England (Pound) 2.80 Finland (Mark) 232 France (Fr. Franc) 350 Germany (Mark) 4.20 Holland (Florin) 3.84 India (Rupee) 4.76 Ireland (Pound) 2.80 Italy (Lira) 624 Mexico (Peso) .1160 Norway (Krone) 7.14 Portugal (Escudo) 28.50 So. Africa (Pound) 2.82 Spain (Peseta) 39.00 Sweden (Krona) 5.13 Switzerland (S. Franc) 4.37 Turkey (Livre...
...currency because it feared that i) prices in the U.S. would soar much faster than they had (see Prices), 2) the U.S. dollar would be worth much less. Last week, Sweden hastily followed Canada's lead. It also raised the value of its currency, boosting the krona from 23.82 U.S. cents to 27.77 cents, a 14% increase. Both nations were guessing that the U.S. would have 10 to 14% more inflation than it now has. There were reports that Argentina, and several other nations, would soon revalue their currencies also. In short, a first skirmish of a new currency...
...perhaps the readers we are most interested in are the German businessmen and Army and Navy officers who pass through Sweden each week, and who will now be able to buy a copy of our Scandinavian Edition on any good newsstand for only a krona-to read in TIME a lot of unpalatable war-truths that Herr Goebbels has been trying to keep from them...
...sponsoring a Finnish convict's libelous book about his adventures in a Swedish prison, Sweden's Supreme Court sent Mme. Elsa Kleen Moller, whose husband is Minister of Social Affairs and a potent Social Democratic Partisan, to jail for two months, clapped on a 6,500-krona fine...
Last week most economists agreed that Sweden's managed currency had achieved two out of three objectives. It had prevented inflation and it had stabilized the krona's purchasing power inside Sweden. But it had failed to raise wholesale prices. As to whether it had materially helped Sweden's Depression, Swedish economists could not agree. Nor could they agree as to whether it was responsible for the excellent financial shape that had led to last week's bond redemption...