THE EXCHANGE RATE.
(To tlie Editor.) Sir,— Referring to the export and import figures in the “Standard’ on Monday, evening, may I aslc if you, or any of your expert readeis, can explain why the exchange rate on London is 10 per cent, at present, with our exports exceeding imports by over £l2.000,000; whereas in 19JU, with exports less than £1,000,000 in excess of imports, tho exchange rate was icss than one per cent? And, further seeing that exchange is largely governed by the value of exports and imports, why is it that tho farmer considers lie is at present suffering an injustice because tho exchange is not raised to 20 01 2o pci cent v —l am, etc., ’ PUZZLED.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 226, 24 August 1932, Page 8
Word Count
120THE EXCHANGE RATE. Manawatu Standard, Volume LII, Issue 226, 24 August 1932, Page 8
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