Word: peso
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Dates: during 1950-1959
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...said that although a 12-billion-peso debt existed when he took over, Argentina "does not owe a cent to anyone" now. Fact is that Argentina owes $125 million borrowed last year from the U.S. Export-Import Bank...
...Manila Bay than put away one of Quirino's famed two-hour breakfasts at Malacafian Palace, with pancakes, papaya and fried lapu-lapu (a choice fish). He lacks the usual Filipino impulse for orotund oratory, fancy dress and luxurious living. Every month he turns over his 1,000-peso ($500) salary to his pretty, shy wife, Luz. In his five years in politics, he has won an unchallenged reputation for honesty...
Under such pressures, the Filipino economy began to crumble. In the Hong Kong open market the peso fell from two for $1 (par) to four for $1. Most schoolteachers and many soldiers did not get paid regularly. Unable to find work in the cities or make a decent living on the land, more & more Filipinos took to the hills of Luzon, to join the Huks. Once the admired guerrilla army that had fought the hated Japanese, the Huks had been taken over by the Communists. As discontent grew, the Huks grew with...
...Politburo are in jail. When Magsaysay took over, the Huks numbered an estimated 16,000. Now he claims there are only 8,000. Swashbuckling Luis Taruc, the dyed-in-the-Red general of the rebellion, is still at large, but with Magsaysay's 100,000-peso price on his head, reportedly has become so nervous and distrustful of his own comrades that he will let only his immediate family approach...
Guns cracked all over town. A boy stepped out of a doorway holding up a five-peso note; a bullet dropped him and a grinning bandit pocketed the money. Lighting home-made grenades with cigarettes, the bandits routed out hidden villagers. Once the town was subdued, Comandante Tulio, whose well-formed features and steady voice carried his authority, proceeded with executions of leading Conservatives. Three young boys were included among the victims. "They are Godos [Conservatives] and will grow up," a bandit growled in explanation...