korona

Shares quoted at 8,000 korona in the spring soared to 100,000 and more; and companies seeing their chance began to increase their capital and water their stock.

Mises Dailies 2009

A high official such as an under-secretary of State, for example, still received his pre-war salary of 2,000 korona a month, sufficient in pre-war terms for a life of moderate luxury and enough to let him bring up and educate his family.

Mises Dailies 2009

Accordingly the korona which reached 6,000 to the pound on July 17 went to 7,000 a week later

Mises Dailies 2009

September, when the note circulation rose by 25 per cent over the August figure and the korona dropped to 11,000 to the pound, found the Finance Ministry explaining that the latest banknote increases should not cause any depreciation because they merely reflected the increase in the country's assets with the gathering of the harvest; and that the currency newly issued would itself be gathered in as soon as the annual crop was distributed.

Mises Dailies 2009

As the korona appreciated in the spring of 1921, unemployment, till then negligible, grew markedly because the goods and raw materials purchased when the overseas rate of the korona was at 2,000 to the pound could not be disposed of except at great loss when it improved to 800.

Mises Dailies 2009

It was clear as Christmas 1922 approached and as prices rose beyond the power of most of the urban classes to cope that the crisis could not be long delayed, nor support for the korona usefully continued.

Mises Dailies 2009

In mid-June a pound would buy 4,500 korona, a reflection, stated the new Finance Minister, Dr Kallay, of the financial state of Germany and Austria.

Mises Dailies 2009

Married officers received a wife and child allowance of 3,500 korona a month (6s) per head.

Mises Dailies 2009

The Finance Minister, Dr Hegedus, openly regarded it as his first task in 1921 to stop the flight from the korona.

Mises Dailies 2009

By November, on the other hand, with the korona held artificially steady at 12,000 to the pound, Hungary's Devisenzentrale was working smoothly enough, and speculators were reported to be disgusted with it since the opportunity had gone of rigging the korona's price abroad.

Mises Dailies 2009