GERMAN OUTLOOK
POSSIBLE MORATORIUM
(Eeceived April 21, 2.30 p.m.) BEELIN, April 20. Financiers associated with the Eeichbank consider that the fluctuations of the dollar cannot touch the dollar exchange in the long run. America, they point out, is the world's greatest creditor; therefore there must be a continuous demand for dollars to maintain the dollar quotation near parity.' They regard America's action as necessary to prevent irregular withdrawals of'gold, and as being unlikely to affect German currency which stocks foreign currency adequately to protect it. But a lasting depreciation of the dollar, they' say, will decrease German, exports,1 and possibly necessitate a moratorium.
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Bibliographic details
Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 8
Word Count
103GERMAN OUTLOOK Evening Post, Volume CXV, Issue 93, 21 April 1933, Page 8
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