FORGERY IN GREECE
INVESTORS SELL HOLDINGS. SCARE ASSISTS TREASURY. (United Press. Association—By Electric Telegrapt Oopyrigtr*.. ATHENS, Jan. 31. An epidemic of forged dollar notes solved the Treasury’s pressing problem of how to raise £1,000,000 and prevent a default to foreign bondholders. The arrest of a gang of American forgers created the fear that other foreign currencies were also forged. Investors hurriedly sold their holdings, with the result that the Treasury in four days acquired sufficient currency to meet its obligations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HAWST19330201.2.29
Bibliographic details
Hawera Star, Volume LII, 1 February 1933, Page 5
Word Count
80FORGERY IN GREECE Hawera Star, Volume LII, 1 February 1933, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Hawera Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.