DEVALUATION
TREASURIES AGREE. LONDON, October 12. It is officially announced that the Treasuries of England, France and America have agreed upon practical measures for operating exchange equalisation funds in harmony, the aim being to maintain the greatest practicable degree of stability between the pound, franc and dollar.' Financial circles point out that this is merely the logical sequel to the earlier announcement, when the franc was revalued. Its importance lies in the fact that the Government was so promptly able to arrange and carry out, its promises of co-operation. Sterling. remains free, but the statement eanies the gentlemen’s agreement a step further. It will, therefore, be hailed as an encouraging event.
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Bibliographic details
Grey River Argus, 14 October 1936, Page 6
Word Count
111DEVALUATION Grey River Argus, 14 October 1936, Page 6
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