DOLLAR HOLDINGS
TAKEN OVER IN AUSTRALIA
(Rec. 9 a.m.) CANBERRA, May 29
Drastic steps to strengthen Empire dollar exchange pool taken by the Commonwealth Government today. All persons resident in Australia who own United States dollar funds or currency in any form, either in Australia or overseas, must sell them to the Commonwealth Government.
the were
The Federal Treasurer, Mr. A. W. Fadden, estimates that the funds thus being taken over represent about 1,500,000 dollars, and mainly comprise bank balances held by Australians in the United States.
' The Government has also decided to acquire all Canadian dollar credits, either in currency notes or bank drafts. —U.P.A.
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https://paperspast.natlib.govt.nz/newspapers/EP19410530.2.75
Bibliographic details
Evening Post, Volume CXXXI, Issue 126, 30 May 1941, Page 8
Word Count
106DOLLAR HOLDINGS Evening Post, Volume CXXXI, Issue 126, 30 May 1941, Page 8
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