Word: peso
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Dates: during 1950-1959
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...with TIME, Nov. 5, that "Uruguay is earth's closest imitation of a paradise" if we compare our problems, democratic achievements and cultural standing with those of many of our sister republics of the Americas. We have been suffering from the evils of a mild inflation but our peso still permits us to enjoy a standard of living which leaves nothing to envy in the U.S. Uruguay has resources and will undoubtedly overcome its difficulties in the economic field; its biggest assets: an ideal geographical position, a 3,000,000 all-white population...
Rancher: Well then, Mr. President, I will sell you a bull-for one peso...
...import limits, although their official rates stand much higher than the free rate. Among these are France's franc (which was selling in the U.S. last week at 395 to the dollar, v. 350 in Paris), Bolivia's boliviano (5,5°° ". 190), Argentina's peso. Even where limits exist-as in Spain, Finland, Turkey-tourists can take in the legal amount and still make a saving. Where money is stable and the saving small, travelers still find it handy to take along local money for early-arrival tips, taxis, incidentals...
Cheap Beer. In Argentina, post-Peron devaluation of the official rate of the peso has forced its value on the free market, legalized after the September revolution, from around 30 to a current of 36. Thus traded, a dollar will buy such bargains as a platter-size steak with a bottle of wine, or five pints of good Cordoba beer, or admission to seven first-run movies or a ten-mile ride in a taxi. A rent of $300 a month gets a country house with a swimming pool and big garden...
Dear Wine. In Chile, by contrast, dollar-earners have recently suffered a setback. Freed to find its own rate (TIME, April 23), the peso is hovering around 480 to the dollar; the free market has wiped out an earlier, limited trading in scarce "tourist dollars" at more than 600. The peso's comeback, plus last year's inflation (now checked), has pushed the price of a bottle of gran vino, for example, from 25? to $1 for dollar earners. Brazil's cruzeiro has been slipping steadily on the limited free market, but local price inflation has kept...