Word: pesos
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Dates: during 1960-1969
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...Buenos Aires, explaining through Economy Minister Juan Carlos Pugliese that the government could not accept the terms laid down by IMF "without prejudicing its own plans for the gradual deceleration of the inflationary process." And on that ominous note, the regime last week devalued Argentina's once proud peso from 151 to 171 to the dollar...
...political cronies. By 1955, the payroll had ballooned from 150,000 to 230,000 workers, who later bulldozed one government after another with strikes and strike threats for higher pay. The runaway railroad has helped steer Argentina into its present inflation, which has seen the value of the peso decline 50% in the past four years alone...
...task with skill and imagination. His line-up boasts ten lawyers, four engineers, two doctors, two generals, a colonel, an accountant and a professor. In two key nominations, the new President reappointed Finance Minister Antonio Ortiz Mena, who is responsible for sustaining record economic growth along with a stable peso (121 to the dollar), and for Foreign Minister picked Antonio Carrillo Flores, who as Ambassador to Washington since 1959 had earned the respect of the State Department and the enmity of Mexico's Communist Party...
...huge government work force was threatening to strike unless salaries were increased 35%, and the government was expected to bow to the demands, grant its employees their fourth substantial raise in five years. - Disheartened economists were sadly contemplating a batch of disastrous financial figures. The value of the peso has crash dived from 90 to 50 in 20 months. The cost of living went up 45% last year, has climbed 30% more this year. The government's proposed $258 million budget for 1965 includes a planned deficit of $29 million; others say it will be more like $83 million...
...three years since his Liberal Party upset the graft-ridden Nacionalista regime of Carlos Garcia, Macapagal has tried to create a "New Era" in the Philippines. He eliminated corruption in the higher reaches of government, stabilized the peso, passed a much needed land-reform bill to break up the vast estates that date from the days of Spanish rule...