Word: pesos
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Dates: during 1960-1969
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President Frondizi's chances of survival to the end of his six-year term, once considered unlikely in the extreme, are now a better-than-even-money proposition. And as the results of his policies start to show -inflation cut, unemployment virtually wiped out, the peso strengthened, retail sales up-the odds should begin to lengthen considerably...
Uruguay. Practicing democracy with a Swiss-style revolving presidency, the country has a newly solid economy and a newly solid peso that cut Castro's chances of exploiting woes born of poverty...
...caudillo, Víctor Julio Merchán, delivered a welcoming harangue, and the stubble-bearded troop responded with a clenched-fist salute. From an equally isolated redoubt not far to the east, a second Red band, commanded by Juan de la Cruz Varela, peddled at gunpoint 1 peso coupons bearing Lenin's picture and the appeal: "For a great Communist Party...
...leaders of other Latin American nations could well take a look at tiny Uruguay last week and draw a lesson on how to make the best of a difficult coalition. After years of government mismanagement, Uruguay's peso has been freed and is now stable, the cost of living is slowing down, and the economy is so healthy that the government could pass up a U.S. loan offer of $15 million. To make them more impressive, the accomplishments are the work of what would seem to be two political cats in a sack: fiery Benito Nardone, 53, a former...
Inevitably, with government spending running at $23 to $25 million monthly and receipts down to $9,000,000, Castro has turned to the printing presses. Money in circulation has doubled in 22 months of Castro. The peso, once worth $1, is down to 28? on the realistic black market, and Cubans with savings are on a buying spree to convert their depreciating currency to furniture, jewels, paintings, anything of value. They wonder, though, how long the government will allow them that freedom...