ZERO RECORD
GERMAN MAM VALUE.
BOTJBSE COSfftS^ifAmOxr
SHAMEFUL DEMA&ifc,
(Received 9.5 a.m^
BERLIN, July 201, The mark has slumped to 1,450,000 to the pound, whieli is arecoid.
The Gertnans on the • Bourse iwndff . frantic efforts to buy foreign enr-* rency fro** the banks, presenting demands aggregating twenty thousand milliards «£ narks, which is equal to about £ lat yesterday's rato 9t exchange,
The Director* of ttoe Reichsback described the demands as shameful, since they represented more tfi» whole monetary reserves in the Berlin banks. If sneh demands were repeated the Reicfisboak would refuse to dlseo'unt purchases of foreign currencies and thus amke it impossible tb' buy sterling or (folTaix. The fieiehsbanft lfaancialy granted a quarter of one* p6f cent, on tßw day's demands for foreign currencies;—A. and N3.
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Bibliographic details
Northern Advocate, 21 July 1923, Page 5
Word Count
126ZERO RECORD Northern Advocate, 21 July 1923, Page 5
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