EXCHANGE RATE
NO INTERFERENCE BY GOVERNMENT (By Tolograpb—Press Association) CHRISTCHURCH, This Day. “The Government has not interfered with the exchange rate, and does not intend to do so,” said the Prime Minister, tlie 111. Hon. G. W. Forbes, in a telephone conversation from his home in Cheviot to-night. Mr Forbes was asked what the Government expected would happen to tho exchange rate when the regulations under the exchange credits pool are released at the end of this month. He said: “The present exchange has been fixed by the banks, and I take it it will still be maintained by tlie banks when the regulations are withdrawn. It is not the Government’s function to fix exchange rates, and the banks will continue to be responsible.” ■nrrurwMm ttrnmammuNummr*
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https://paperspast.natlib.govt.nz/newspapers/NEM19320614.2.28
Bibliographic details
Nelson Evening Mail, Volume LXVI, 14 June 1932, Page 4
Word Count
126EXCHANGE RATE Nelson Evening Mail, Volume LXVI, 14 June 1932, Page 4
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