Word: prawiranegara
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Dates: during 1950-1950
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This very same form of legalized larceny was perpetrated in Greece in April 1922. I was an accountant in Athens at the time. It may interest Indonesian Finance Minister Sjafrud-din Prawiranegara to know that Greek Finance Minister Protopapadakes, who put this smart idea across, was effectively cut in half by an ingeniously simple machine gun, along with the rest of the Greek cabinet, some six months later...
...economic mumbo-jumbo is apt to baffle all but the most sophisticated spectators. But last week the government of "backward" Indonesia, whose guilder was badly inflated, devised an ingeniously simple new method that anyone could grasp, for letting the air out of their currency. Indonesian Finance Minister Sjafruddin Prawiranegara ordered Indonesians to get out their scissors and cut in half their paper money above five guilders...
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