FUTURE OF THE LIRA
EUROPEAN BANKS' CONCERN FALLING GOLD RESERVE (Received October 14, 9.35 p.m.) BASLE. Oct. 14 Fears for the future of the lira were expressed when the central banks' representatives assembled for a meeting of the Bank of International Settlements. The Italian delegates pointed out that their Government had built up a solid defence for the lira by buying foreign bonds, debentures and credits, but it is felt that the falling gold reserve and the increasing fiduciary issue are dangerous.
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New Zealand Herald, Volume LXXII, Issue 22240, 15 October 1935, Page 9
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82FUTURE OF THE LIRA New Zealand Herald, Volume LXXII, Issue 22240, 15 October 1935, Page 9
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