THE EXCHANGE RATE.
H"~ , . to ras toitoß of tkb rasas. Sir,—Mr Davie Jraises a very per- ■\ tiaenfc question in his letter in "The *j Preas" pi Tuesday. As the exchange ■ij raw is raised, will there be any extra vj monoy put into circulation? Mr Davie jt think* not. But is not a 25 per cent. merenso in tlw note issue a natural T, complement to a-3 per cent, rise in | ; : the exchange raLe? If the pound note V! in decreased in value by 25 per cent., than according to present banking T rules it warrants an equal increase in the number of notes issued.—Yours, i'l (dir., I IC AYE HOE. f Ha|»p.y VaJltw, February 2, 1933. j|l _ rv ..
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Press, Volume LXIX, Issue 20773, 6 February 1933, Page 14
Word Count
119THE EXCHANGE RATE. Press, Volume LXIX, Issue 20773, 6 February 1933, Page 14
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