Mark dealings suspended
New Zealand’s five trading banks suspended all dealings in the West German mark this morning after the decision by members of the European joint float to revalue the mark upward. A spokesman for the trading banks said all other European currencies were being traded "subject to adjustment” on transactions involving more than $lOOO. This meant the bank would adjust its charges should any undue fluctuations occur.
A Reserve Bank spokesman noted that the mark had been showing a strong and steady effective revaluation against the New Zealand dollar since last October.
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Press, 19 October 1976, Page 26
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94Mark dealings suspended Press, 19 October 1976, Page 26
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