Word: outflows
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Dates: during 1980-1989
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...controlling the banking system, the Mexican government hopes to slow the currency outflow. Under regulations now in force, most dollars in Mexican bank accounts, a total of about $12 billion, will be frozen and not allowed to leave the country. People who withdraw their money must accept it in pesos...
...effort to stem the outflow of funds, the Nigerian central bank two weeks ago ordered all 26 commercial banks in the country temporarily to stop processing or issuing import letters of credit and to cease approving applications for the conversion of Nigerian currency into foreign funds to pay for imports. Nigerian businessmen believe that their country will be forced to adopt still stricter import measures later this spring...
...past nine months alone, Canada's battered economy has sustained capital outflows of more than $10 billion, compared with an average outflow of about $2 billion annually during the 1970s. Much of the money is leaving not just because of current economic upset but because of a perceived sense of increasing intervention in the Canadian private sector by the Ottawa government...
...some time in coming, if it comes at all. The Reagan Administration is philosophically opposed to helping the S and Ls with transfusions of cash. Deputy Treasury Secretary R.T. McNamar denies that the S and Ls are in any permanent trouble. Says he: "As long as the savings outflow does not create a liquidity crisis, then the problem is an accounting matter. It can be met with accounting changes...
...most dramatic manifestation, to some observers, is a disheartening exodus. Each month fully 2,000 Israelis leave for other lands. While demographers explain that this is a normal outflow for a free society, the trend runs counter to Israel's very reason for being. The emigrants' motives are mixed, but their departure suggests a loss of the visionary strength common to the pioneers of an earlier generation, who often risked their lives to get into-and stay in-Israel...