Word: maroglio
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Dates: during 1940-1949
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...Central Bank last week, importers and exporters found it almost impossible to learn where the country stood on the foreign exchange transactions, and no wonder. The bank had no head. Bank President Orlando Maroglio, outspoken foe of Miranda's high-price policies, had finally given up his fight with the economic czar (TIME, Oct.11), and resigned...
...token of victory over Maroglio, bumbling Czar Miranda immediately announced a new economic policy. The nub of it: forget about dollars. Said he: "To try to get more dollars out of the U.S. is merely a waste of time." What Argentina should do, he told a meeting of provincial finance ministers, was to buy outside the dollar circuit, as it was already doing in the case of newsprint (from Finland) and of oil (from the sterling area). As for the U.S., it was buying Argentine products at the rate of $200 million a year; henceforth Argentina would limit its buying...
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