DEVALUATION OF FRANC
♦ — : ATTEMPTED PREVENTION IN LONDON LARGE FUNDS THROWN ON >JfXRKET
S (Received March 30. 8.37 p.rn,} ! LONDON. March 29. i The Bank of England, operating I through the exchange equalisation ! account—and thus presumably with I the Treasury's approval—has thrown I large funds on the foreign exchange ! market in, London in an attempt. temporarily successful, to prevent a drastic decline of the exchange value of the franc. Francs are offered for delivery in three months' time at SO to the ! pound sterling, compared with the | current rate of 75 1-16. | Several city editors consider that. ! devaluation of the franc is nearer.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19360331.2.83
Bibliographic details
Press, Volume LXXII, Issue 21746, 31 March 1936, Page 11
Word Count
102DEVALUATION OF FRANC Press, Volume LXXII, Issue 21746, 31 March 1936, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in