Word: peruano
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...Peru, where nothing can be imported without a license, restrictions are just as drastic. Every request for a permit must be published in the official El Peruano (including the intention to spend $8.50 from a U.S. bank account for a subscription to TIME). Even so, Peruvians' funds are so tight that half the applications to import machinery, locomotives, lathes, trucks, etc. are turned down. Since last March, the Government itself has spent 14% of Peru's foreign exchange, mainly for food bought in Chile and Argentina and sold to the public at a loss...