Word: guilders
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...most other industrial countries. The U.S. dollar is the standard of value against which all other currencies are measured. But its purchasing power is shrinking faster than that of other important moneys, which is a major reason why the Canadian dollar, Swiss franc and the Dutch guilder have lately looked "undervalued...
...French franc, the most chronic source of monetary crisis, might well be reduced. The mark probably would have moved up in several steps from its present value of 25?, to 26? or 27?, and the franc would have gradually declined from 20? to around 18? or 19?. The Dutch guilder and Italian lira probably would have moved up too, while the British pound almost certainly would be worth less than its present $2.40. The U.S. dollar would not have changed because it is the standard against which the other currencies are measured...
Measured in Gold. If and when an overall currency revision comes, the German mark, now the world's strongest currency, might well be raised in value by 5% or possibly 10%. Other strong currencies-the Italian lira, Dutch guilder and Swiss franc-could be raised somewhat less. The pound and the French franc might be devalued by 5% or so. Other currencies would move up or down, or hold their existing parity against the dollar, according to their relative strength...
...Revalue certain currencies. Among the undervalued currencies at present are the mark, the Swiss franc and probably the Italian lira and the Dutch guilder. Many financial experts believe that they should all be scaled slightly upward. The overvalued currencies-generally those that cannot buy as many goods and services at home as abroad-are the dollar, the pound and De Gaulle's franc...
...cost a record $26,552 per sq. in. At the new record's rate, a canvas a yard square would cost $34,411,000, more than 15 times the highest price ever recorded for a painting. A Rembrandt etching, called the "Hundred Guilder" print for the healthy sum it brought in the 1640s, brought an even rosier price of $72,800. But the record price for a print was set when a late 15th century engraving by a German master known only as P.M. sold...