Word: nondollar
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Sliced into the huge stocks of Government-held farm surpluses by negotiating an agreement with Brazil under which 1) the U.S. will sell the Rio government $138,700,000 worth of the surplus, most of it ($111,000,000) in wheat; 2) Brazil will make payment in nondollar currency, i.e., cruzeiros; and 3) the U.S. in turn (under the terms of the 1954 Agricultural Trade Development and Assistance Act) will use the currency to finance economic and other development projects in Brazil...
...early days of the World Bank, the U.S. supplied virtually all the goods and money for reconstruction and development projects. Now Canada and Western Europe are providing equipment for new development projects, the proportion of nondollar loans made by the Bank is increasing, and the Bank has nearly $300 million in nondollar currencies available for future loans...