Word: piasters
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Dates: during 1960-1969
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...soft on the issue of negotiations with the Communists. A Lower House deputy, Tran Quy Phong, recently threatened that "if Huong's government seeks a compromise with the Communists, it will be overthrown by the people." Inflationary pressure has mounted. Since Tet, the government has issued a billion piasters ($8,500,000) in new currency each week. Foodstuffs and consumer goods are not so readily available as they should be: holding back of rice stocks by unscrupulous middlemen has pushed Saigon prices to six times the price charged in the Delta. As things stand, the government may be forced...
...them at home. Marveled the Daily Mail: "London has become an Anglo-Saxon version of an Eastern bazaar, where Continentals admire our traditional quality, pity our poverty, wonder aloud how we can do it at the price, and pay in currencies which make the pound look like a sick piaster...
Beset by war, the Vietnamese piaster fell 38.6%. That chronic invalid, the Brazilian cruzeiro, lost another 31.8% of its value in 1966, and thus would pay for only 2% of the goods and services it could command a decade...
...known as an expert troubleshooter. The report's main points: > Galloping inflation, which could yet undo all the benefits of the U.S. buildup by swamping Viet Nam's economy with more money than it can absorb, has been curbed by a drastic 50% devaluation of the piaster, as well as by new economic restraints worked out jointly by U.S. and Vietnamese officials. - Saigon's creaking dockyards, once a crucial brake on the war effort, have been more than doubled to handle 380,000 tons of cargo each month. An increase to at least...
Begged, borrowed and sometimes stolen outright from the Communists, the psywar ploys cut in many directions. When the Viet Cong stopped paying in cash for staples and supplies last summer, and began issuing 1,000-piaster bonds redeemable after the V.C. victory, a U.S. psywar adviser in Camau ordered up 20,000 counterfeit bonds to be dropped in the territory. In Kien Hoa province, a South Vietnamese captain thought up a unique counter to the groups of women and old men that the Viet Cong were sending into town to protest the war. He ordered all local palm readers...