Word: primed
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Dates: during 1990-1999
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...central banker, VIKTOR GERASHCHENKO, is to print money, and lots of it. Printing presses are said to have been rolling for days, cranking out billions of nearly worthless rubles. Just how many have been printed is a state secret, but BORIS NEMTSOV, the 38-year-old (recently retired) Deputy Prime Minister, puts the figure at "between 9 billion and 12 billion rubles" (some $600 million to $800 million). Officially, the central bank only admits to printing "less than 1 billion" rubles. But a former bank official fears that as many as 50 billion rubles will be minted in a vain...
...court earlier this week sporting bruises and welts -- but that's nothing compared with the economic asphyxiation it's about to suffer. Currency controls opposed by Anwar came into effect Thursday, clamping down hard on the movement of capital, forbidding currency trading and fixing the ringgit's exchange rate. "Prime Minister Mahathir has effectively pulled his country out of the international economy," says TIME business reporter Bernard Baumohl. "By sharply limiting outflows of capital, Malaysia has scared away long-term investors whose capital is crucial to the building of infrastructure...
...anyone still had any doubt that Malaysia's Prime Minister Mahathir Mohammed is a strongman of the old school, there is fresh proof in the bruises and welts on the face of ousted Deputy Prime Minister Anwar Ibrahim. Anwar appeared in court Tuesday bearing the marks of beatings he says he suffered at the hands of the police. The popular reformer faces charges of corruption and illegal sex acts, widely viewed as part of a campaign by Mahathir to strip him of power. "Anwar was always seen as untouchable because he was so popular that moving against him might spark...
...recession each day and the world's top economists are clamoring for a rescue, and given that American officials, after long criticizing the Japanese government's inaction, have lately been trying to be conciliatory and quietly helpful, you might have thought that last weekend's bank-rescue agreement between Prime Minister KEIZO OBUCHI and the opposition would immediately encourage better relations with Washington. Wrong. Ever since an unproductive meeting between Treasury Secretary ROBERT RUBIN and Japanese Finance Minister KIICHI MIYAZAWA in San Francisco on Sept. 5, Miyazawa's office has dodged attempts to set further discussions with U.S. officials...
...central banker, Viktor Geraschenko, is to print money, and lots of it. Printing presses are said to have been rolling for days, cranking out billions of nearly worthless rubles. Just how many have been printed is a state secret, but Boris Nemtsov, the 38-year-old (recently retired) deputy prime minister, puts the figure at "between 9 billion and 12 billion rubles" (some $600 million to $800 million). Officially, the central bank only admits to printing "less than 1 billion" rubles. But a former bank official fears that as many as 50 billion rubles will be minted in a vain...