Word: guilders
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Gone are the days when mathematicians, authors, musicians and patriots graced the mark, franc, lira and guilder, highlighting the achievements of the greatest persons produced by their motherlands. The euro features bridges in different architectural styles, symbolizing communication within Europe and with the rest of the world, and windows and gateways, which stand for openness and cooperation...
...about creating a U.S. of Europe, a federal superstate, but they are getting ready to take control of monetary policy and interest rates away from their sovereign nations and turn it over to a European Central Bank, starting 19 months from now. Then in 2002 the familiar mark, franc, guilder and several other currencies will disappear and will be replaced by the euro, with a small e. The idea is to curb inflation, eliminate the risks of up-and-down exchange rates and harmonize the member states' fiscal behavior. But the idea behind that is more political than economic: that...
...majority of the etchings date from Rembrandt's high Baroque period, characterized by the use of light and intense detail to create scenes of drama and motion. Perhaps the best example of this style is the famous etching of Christ Healing the Sick, also known as the Hundred Guilder Print. In this intricate print Christ stands in the middle of a dark cave, illuminating the poor Christians who have gathered around him to receive relief from their pain. Rembrandt depicts the sick in impressive detail, from the emotions on their faces to the folds of their turbans...
...speech, and the plan, was far from encouraging. Corporate money managers, bankers and speculators, apparently believing that Stage II is too weak and will not work, sent the dollar plunging. The greenback fell to its lowest exchange rate since World War II against the yen, the deutsche mark, the guilder, the Belgian franc and the Danish and Norwegian crowns. The price of gold, which moves inversely to the dollar, reached a new peak of $233.70 an ounce. "We had not expected much," explained one Zurich foreign-exchange dealer about Carter's plan, "but neither had we expected so little...
...Carter said at his news conference that congressional passage at long last of his battered energy legislation should trim the U.S. trade deficit and bolster the dollar. Next day the dollar hit yet another record low against the deutsche mark, dropped against the Swiss and French francs, the Dutch guilder and the British pound, and even sank to a 31-month low against the weak Italian lira. The apparent reason: moneymen concluded that if this is all the hope Carter has to offer, the dollar is still in trouble. Confidence in the dollar has so eroded that it sometimes plunges...