Word: pesos
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...Resisted panic over a dollar flight through the now-legalized black market that drove the peso from 30 per dollar to 37, and doggedly insisted instead that it intends to remove remaining controls, thus freeing the peso completely...
...next day, having drilled home the need for fast action, General Lonardi took some himself. He devalued the peso to 18 per dollar (from a scale that ranged, depending on the commodity involved, between five and 14). That was "decisive encouragement" for farmers, who in effect got an incentive-creating boost in the pesos they get for the dollars their exports earn abroad...
...Students (U.E.S.) and turned over to its girls' division the 124-acre presidential estate at Olivos, a Buenos Aires suburb. "Just call me Pocho," Perón told the girls, and he came often to watch the basketball, skating and sailboat racing, or to award wallets containing 500-peso notes to graduates of the classes in dancing, gymnastics and drama. On one such occasion, he met green-eyed Nelly, a janitor's daughter. Perón, who also called himself the "Immortal Widower," gave Nelly jewels from his late wife Eva's collection, as well as poodles...
...sign of confidence was a sharp upward spurt in the free-market value of the wobbly peso. The U.S. joined the parade of nations officially recognizing the Lonardi regime as Argentina's new government...
...Mexico's dollar reserves stand at $305 million, highest since he took office, despite his controversial devaluation of the peso (TIME, April...