Word: peseta
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...RATE PESETAS will be sold by Spain to U.S. travelers. To spur foreign tourist trade and combat flourishing black market, the Franco government will let Americans deposit dollars in U.S. banks, pick up pesetas in Spain at rate of 46 to $1 v. current pegged rate of 38.95 per $1. Spain is also considering general devaluation of its weak peseta...
Across the Atlantic. Iberia has not always flown in such balmy weather. Starting in 1927 with four noisy, German-made, trimotor planes, it made not a single peseta until 1946. After several reorganizations, the original airline went under, after serving the Loyalist cause during the Spanish civil war. Its successor was started in 1937 by Franco, who needed a transport service, and asked Germany's Lufthansa for help. But in World War II, when Britain and the U.S. warned Spain to cancel its agreement with Germany or lose its gasoline supplies, Franco nationalized the company, has since bought...
...well as some 10,000 other Germans in Spain. For two years, Spain has had a diplomatic representative at Bonn. Postwar Germany has not forgiven Franco for his sale, at knockdown prices, of Germany's prewar assets in Spain (Madrid's German hospital went for I peseta), and the expropriation of German commercial firms (Siemens, Zeiss. Bayer, etc.) that were once the backbone of Spain's electrical, chemical and optical industries. For two years Chancellor Konrad Adenauer has resisted discreet British and American pressure to go along with Franco. Last week he yielded...
Pleasures & Palaces. Ex-President Prío also did well for himself, apparently without the use of suitcases. When he was a student and budding politico, Prío said, "there wasn't a peseta in the house to go to the movies." By the time he was Senator, he was a millionaire, owning at least two houses and two country estates. While President, he quietly built one of the hemisphere's most fabulous mansions at La Chata, near Havana. The place has an air-conditioned barbershop, a zoo, a stable of Arabian horses and a swimming pool...
...Canada (C. Dollar) par Denmark (Krone) 6.89 Egypt (Pound) 2.89 England (Pound) 2.80 Finland (Mark) 232 France (Fr. Franc) 350 Germany (Mark) 4.20 Holland (Florin) 3.84 India (Rupee) 4.76 Ireland (Pound) 2.80 Italy (Lira) 624 Mexico (Peso) .1160 Norway (Krone) 7.14 Portugal (Escudo) 28.50 So. Africa (Pound) 2.82 Spain (Peseta) 39.00 Sweden (Krona) 5.13 Switzerland (S. Franc) 4.37 Turkey (Livre...