Word: kroner
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...David Ryus has been telling me some fascinating facts about how these currencies and others like kurus, dinars and pyas fit into the day-today operations of TIME'S International Editions. "We have a market for our magazine in 180 different countries," Ryus explained. "We sell TIME for kroner, drachmai, rials-about 120 currencies all told. Two of the newest mediums of exchange are the rupiah of Indonesia and the hwan of Korea." Few of these odd currencies cross Ryus' desk directly, since normally TIME International subscription orders, paid for in local currencies, are cleared through branches...
Warning from Lenin. Another vital issue was currency convertibility-the tricky problem of how to make pound notes, dollars, lire and kroner freely exchangeable. There were strong voices for it, notably Britain's Butler and West German Economics Minister Ludwig Erhard, the man who has done most to spark Germany's industrial boom. Erhard warned: "The word of Lenin, that you just have to destroy the currencies of capitalist countries to make them ripe for Communism, should cause all democratic countries to stop and think . .." The conference agreed that one day soon, convertibility is inevitable if Europe...
Sterling, says Butler, has gained a "breathing space"-but only a breathing space. In Washington, he and Eden hope to enlist U.S. help for a long-range Commonwealth plan to 1) make the pound freely convertible into dollars, kroner and yen; 2) multiply the free world's trade; 3) attract dollar investments to the Commonwealth and Empire. To make their plan work, the British hope to persuade the U.S. to lower its trade barriers and to provide some kind of dollar backing for the pound. The Administration promised to listen carefully...
...dollars, but it will be the biggest mixture of European currencies ever passed in one package by the World Bank-some $10 million in French francs, $7,500,000 in Swiss francs, the rest in British pounds, Belgian francs, German marks, Austrian schillings, Italian lire, Dutch guilders, Norwegian kroner and Swedish kronor...
Royalty from all Scandinavia gathered in Stockholm to celebrate the 70th birthday of King Gustaf Adolf of Sweden. Among the special events: a gift contributed by his subjects, a check for 5,000,000 kroner ($966,500), which the King said would be used to further Swedish culture; an all-Wagnerian concert by the Royal Court Orchestra, conducted, after shirtsleeved rehearsals, by King Frederik of Denmark...