DEVALUATION OF FRANC
SHOULD STIMULATE EXPORTS
LONDON, Dec. 27. The devaluation of the franc should stimulate French exports to Britain and make them cheaper in terms of British currency, says the Daily Telegraph. The importation of wines, for example, should be easier to arrange. Recent negotiations for substantial shipments have been, badly, hampered by the high prices asked by the French spUgts. ' After ratifying the Bretton Woods Agreement, the French Assembly passed the Bill for the devaluation of the franc by 506 votes to 44. The measure empowers the Government to revalue the Bank of France gold stock on the basis of the new gold content of the paper franc.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MS19451228.2.43
Bibliographic details
Manawatu Standard, Volume LXVI, Issue 25, 28 December 1945, Page 5
Word Count
110DEVALUATION OF FRANC Manawatu Standard, Volume LXVI, Issue 25, 28 December 1945, Page 5
Using This Item
Stuff Ltd is the copyright owner for the Manawatu Standard. 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.