How to Retire Without Money
BEST PLACES TO RETIRE: MOROCCO (page 3)
THE MOORS. Actually you will not get to know many native Moroccans, even though you permanently retire in Morocco. You are more apt to associate with other foreigners principally French and Spanish although there are quite a few Americans and British, especially in Tangier. Few Moroccans speak English and few indeed are educated at all. In spite of its position on the Atlantic coast, Morocco is an Eastern Land and in many respects is more backward than Turkey and the other Near Eastern Moslem countries.Those Moslems that you do meet, the few who speak English, you will probably like; they make good friends. These, by the way, will all be men. You won't meet Moslem women. For all practical purposes, the Moorish women are still in the days of the harem.
Although there is some movement, sparked by one of the royal princesses, to modernize woman's position, the greater number go veiled in the streets.
There is, of course, no reason to fear the Moroccan. He is probably less criminally inclined that the average American. As I think back, I cannot recall ever having met a Moor that I disliked.
§ MONEY. Until just recently, the French franc and the Spanish peseta were the currencies most widely used in Morocco. Now, however, these have been withdrawn and the Moroccan franc has taken over. At this time it is too early in the game to be able to say what will happen to this currency. Right now it is pegged at ten to one on the Spanish peseta; that is, you get ten Moroccan francs for one Spanish peseta which is worth about 24.1 have a suspicion that it is due for a fall since the Moroccans, now largely cut off from the French economy, have an Atlas-load of economic problems on their shoulders. If it does fall, it will mean that Morocco becomes still cheaper than it is today.
When you speak of money in Morocco then you must consider Tangier, once, and possibly still, the greatest international money clearing center of the world.
The capitalist system is a complicated one and nowhere does it become more complicated than in the field of international finance. There is not a nation in the world, including our own, that hasn't passed some truly gobbledygook laws in an attempt to strengthen its own currency to the detriment of the others of the world.
To bring a balance to things at all, it became necessary to establish clearing houses where the world's currencies found their true level, no matter what laws might be passed at home. Tangier became one of these clearing houses, Switzerland another. And in these two places you may buy, or sell, any currency, or gold, at its true value. For instance, not long ago the Soviet Union announced that its ruble was worth four to the dollar, or about 254 apiece. However, in Tangier you could buy all you wished forty to the dollar, or 21/2 apiece.
Not even in the United States can you legally buy gold coins or bullion,, but you can in Tangier at any bank. If you mistrust your country's currency, you can sink your savings into gold, keeping them safe from inflation. There are something like fifty banks in this small city, and uncounted hordes of private money changers.
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