Word: guilders
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...police continued to investigate the case for the nonpolitical offense that it evidently was. "We are not butchers with political motives," Caransa quoted one captor as saying. "We are criminals and we want a lot of money." They got plenty of that -44 Ibs. of crisp new 1,000-guilder notes, worth about $400 each. What continues to puzzle police is why the kidnapers would demand payment in a denomination of bills that is 1) hard to assemble in large quantities even at banks, and 2) easily traceable (the police have the serial numbers of all the bills). Thus, while...
...snake -an arrangement that bound France, West Germany, the Benelux countries, Sweden, Norway and Denmark to hold their currencies within a 4.5% range of fluctuation against each other. Fourcade proposed that the permitted variation be widened slightly, allowing the franc to drift gently down and the mark and Dutch guilder to bob up a bit. West Germany agreed, but The Netherlands balked, contending that Dutch exports and thus the nation's economy would be damaged. The French concluded that they had no alternative but to leave the snake and let the franc sink...
...American dollar has been declining irregularly on world money markets for the past five years, but never in the postwar period has its value against major European currencies sunk so low for so long. Since last September, the greenback has fallen roughly 13% against the Belgian franc, Dutch guilder and West German mark, and has lost 20% of its former worth in French and Swiss francs. Last week U.S. currency fell below the level of four francs to the dollar for the first time since 1973-and the consequences of its slump were making some disturbing waves...
...mark, in fact, is no longer an ordinary currency; it has become the de facto leader of a whole block of currencies issued by countries that make up an unofficial "Deutsche Mark zone." Include the Dutch guilder, the Belgian franc, the Luxembourg franc, the Danish, Swedish and Norwegian kroner, the Swiss franc and the Austrian schilling. They tend to rise and fall with the mark, so the mark's strength has pushed the value of the dollar down against all of them...
...Among them: the British pound, Italian lira and Japanese yen, which float independently, and the German mark, Dutch guilder and French and Belgian francs, which are supposed to rise and fall in unison against the dollar...