Word: peso
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Dates: during 1940-1949
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...charges that Perón had grown rich in office. Listing the names and addresses of business firms which he said could confirm his statements, he described the President's San Vicente country estate (which Perón calls a modest rural retreat) as a lavishly decorated multimillion-peso layout with a large swimming pool, elaborate lighting and watering systems, sumptuous furnishings and marble fireplaces. Cattáneo's charges and his offer of proof made scarcely a ripple in B.A.; no newspaper even dared print them...
When shrewd, peppery President Gabriel Gonzalez Videla made up his mind last month that Chile must devalue the peso, he knew he would have to blitz his country into going along with him. He promptly set out on a fire-eating tour of the country, in which he made faces at all his political enemies-and scarcely mentioned the peso...
...stumping, Gonzalez' coalition of Radicals, Liberals and Conservatives was properly aroused and ready to slap down the plotters whoever they might be. Leaders of the three parties answered his call for a conference. Affable and confident, his dignity regained, Gonzalez now talked not of plots but of the peso. He wanted everybody's help, he explained, on a plan to save Chile's world markets by revaluing the peso and at the same time keep living costs down by clapping on new taxes and controls...
Riding Out the Rise. At week's end Gonzalez made devaluation law by decree. Instead of the eight old dollar-peso exchange rates, Chile got just one, pegged, after talks with the International Monetary Fund, at about 65 to the dollar. At the same time, food and drug products and bus fares got state subsidies, while income taxes were hiked and new taxes levied on horse-race betting, cigarettes, soft drinks and automobiles. And for the first time, tax-dodgers were made liable to imprisonment...
...selling point is his friendship with the U.S. (he wangled an invitation to visit the U.S. last summer). Filipinos generally regard him as personally honest, but much of his administration is corrupt and he is surrounded by politicians who cannot resist a chance to make a fast peso...