BIGGER DEMAND FOR STERLING
INTERNATIONAL BANK REPORT (Rec. 9 p.m.) WASHINGTON. May 24 Mr Eugene Black, president of the International Bank, said to-day that there had been an increasing demand lately for sterling and for Swiss. Be’gian. and French francs. He said that the trend could be attributed to la.it September's devaluation moves, the switch irom a sellers’ to a buyers’ market, and the steppingup of production in Western Europe. Mr Black announced that the Netherlands. Italy. Mexico. Honduras. El Salvador, and Paraguay had now agreed to make their currencies available to the International Bank, bringing to 12 the number of countries which have granted permission for the use of all or part of their ow4i currency subscriptions in the bank’s lending operations. The other countries are Britain, the United States. Canada. Belgium. Denmark, and France.
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Press, Volume LXXXVI, Issue 26122, 26 May 1950, Page 7
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136BIGGER DEMAND FOR STERLING Press, Volume LXXXVI, Issue 26122, 26 May 1950, Page 7
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