AMERICA’S CURRENCY
THE PRESIDENT'S PLAN VARIETY OF REPORTS Press Association—By Telegraph—Copyright WASHINGTON, November 29. (Received November 30, at 1.35 p.m.)l The further rise in the price of gold brought with it a supply of various interesting reports, one being to the effect that the President was contemplating an effort to keep the dollar temporarily stabilised in the vicinity of 5.25 or 5.35 against sterling until at least after December 15 refinancing.Another report was that a representative of the stabilisation fund of tha Bank of England visited Washington over the week-end, and that there was some degree of understanding between the Federal Reserve and Treasury, officials and the English Central Bank. Finally from Warm Springs came the intimation that the President was going ahead with his plan for a commodity dollar without change, but as tho conditions dictated. The refinancing plans are expected in the middle of next week, and it is believed that they will take the form of relatively short-term obligations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19331130.2.116
Bibliographic details
Evening Star, Issue 21582, 30 November 1933, Page 11
Word Count
162AMERICA’S CURRENCY Evening Star, Issue 21582, 30 November 1933, Page 11
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.