Word: peseta
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...Admiral Juan Bautista Aznar (TIME, March 2), Alfonso went to Great Britain to visit his ailing mother-in-law, Princess Beatrice. He realized that Spain's most immediate problem was not Republicanism, which like the poor he has always with him, but the parlous state of the Spanish peseta, which since the Dictatorship of the late Primo de Rivera has slumped from 5.89 to 10.66 to the dollar. A Loan from the House of Morgan helped stabilize the French franc in 1926. Spain had had $25,000,000 from the same source in 1928 in a frantic effort...
...object of the Government is not to provoke an artificial quotation of the peseta but to maintain control of the market and avoid fluctuations. . . . Nothing was decided regarding the rate at which stabilization will be effected. . . . On fixing the limit, which Parliament will have to approve, it will have to be arranged that there will be no upset in individual or collective fortunes...
Republican Rage. Whether the Morgan Loan is enough to stabilize the peseta permanently or not, it was an unmistakable sign that sober foreign financiers believe in the permanency of King Alfonso's throne enough to lend...
Money & Honor. In January 1930 the Spanish peseta sank to 12.08¢, the lowest exchange value since...
...Where can you buy a Goya print for a peseta...