Word: lire
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...royal virtuoso, Emperor Power of Trinity revealed on another day last week that his fighting coffers are stuffed with every sort of treasure wherewith to buy munitions, including some 10,000,000 gold lire ($2,000,000) paid by Italians after their 1896 defeat at Adowa and hoarded ever since by Ethiopians. That there is plenty of money at the Emperor's command appeared from the fact that huge quantities of munitions have been unloaded and spread over several acres at Djibouti in French Somaliland, terminal of the one & only railway to Addis Ababa. By order of French Premier...
Rome says that Edda's dowry was 5,000,000 lire ($410,000). Last week Paris heard friends of Jose saying that her dowry will be 10,000,000 francs ($662,000) or 20% of the Premier's estimated fortune of 50,000,000 francs...
...Paragraph I of Article IV of the Royal Decree of Dec. 21, 1927 not even II Duce himself could reduce the gold cover behind Italy's lira below 40%. Last week the purchase of war supplies had piled up at the Bank of Italy half a billion lire ($41,250,000) worth of bills on which foreign munition makers demanded prompt payment. To have sold enough lire on foreign exchange to meet these bills would have broken the market for the lira, forced its devaluation. This could be avoided by paying out half a billion in gold from...
...Italy's gold most foreigners had supposed he always possessed; shipments of munitions to Italy continued at lowest gold cash prices; the lira, after falling nearly ½? on international exchange last week, bounced back; and activity quickened furiously on Italy's bourse. Fiat motors rose from 394 lire to 401; Snia-Viscosa rayon from 401 to 410 and Montecatini mines from 188 to 193. These movements of course reflected fear by Italians that eventually the lira will be forced off the gold standard. Abroad many a headline writer splashed ITALY GOES OFF GOLD TO PAY FOR WAR! Actually...
Efforts by Rome correspondents to simplify the situation led to a round of rumors that "Mussolini's war is likely to cost ten billion lire" ($825,000,000). This "inside figure" was based on nothing more profound than multiplying by the extremely convenient figure ten the sum II Duce says he has already spent on belligerent preparations, namely one billion lire ($82,500,000). The budget of Italy has not balanced throughout Depression, and the public debt, which stood at 97 billions ($8,002,500,000) two years ago, has now topped 105 billions...