Word: pesetas
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Dates: during 1930-1939
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...Morgan loan helped save the French franc from collapsing. In 1925 a Morgan bond issue of $100,000,000 helped pull Italy from grave financial difficulties. Four months ago a $60,000,000 international loan, engineered by Morgan, was offered to Royalist Spain to bolster the peseta. The House of Morgan underwrote part of the German Government 5½s in 1930. But in all the conferences, statements, interviews about Germany's greatest crisis, the name of Morgan has not once appeared...
...Bank of France gestured confidence in Spain's Republican Government last week by granting a credit of 300,- 000,000 francs ($12,000,000) to the Bank of Spain. Purpose: to strengthen the weak Spanish peseta, keep it from slipping lower...
...increase confidence in the sunk but slowly rising Spanish peseta† Provisional President Alcala Zamora declared: "I have not a large fortune, but what I have I have now transferred from France to Spain, from francs into pesetas...
...peseta. After sinking to 7.9? it was up last week...
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...