Sunday, January 3, 2010

Twain on Forex

The Portuguese pennies, or reis (pronounced rays), are prodigious. It takes one thousand reis to make a dollar, and all financial estimates are made in reis. We did not know this until after we had found it out through Blucher. Blucher said he was so happy and so grateful to be on solid land once more that he wanted to give a feast -- said he had heard it was a cheap land, and he was bound to have a grand banquet . . . . In the midst of the jollity produced by good cigars, good wine, and passable anecdotes, the landlord presented his bill. Blucher glanced at it and his countenance fell. He took another look to assure himself that his senses had not deceived him and then read the items aloud, in a faltering voice, while the roses in his cheeks turned to ashes . . . .

"'TOTAL, TWENTY-ONE THOUSAND SEVEN HUNDRED REIS!' The suffering Moses! There ain't enough money in the ship to pay that bill! Go -- leave me to my misery, boys, I am a ruined community."

. . . . [The landlord] glanced from the little pile of gold pieces to Blucher several times and then went out. He must have visited an American, for when he returned, he brought back his bill translated into a language that a Christian could understand . . . . $21.70. Happiness reigned once more in Blucher's dinner party. More refreshments were ordered.

--The Innocents Abroad, Mark Twain