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Money mayhem.(Letter to the Editor)
Thank you for the excellent articles in your April 18 issue about money and the U.S. currency holdings of major foreign banks and how such holdings have dampened price inflation in the United States (temporarily).
When foreign countries dump their dollars for euros, look out. Those who have traveled to a third world country have discovered that their citizens maintain their savings in U.S. dollars. My in-laws in a small town high in the Peruvian Andes hide U.S. dollars around the house and in the fields and also maintain U.S. dollar-denominated accounts at the local banks. After a burglary at ...
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