NOTE HOARDERS
SYDNEY, Mar. 23.
Hoarders and others have returned thousands of notes of large denominations to the Commonwealth Bank in the last week, and the note issue has been reduced by £2,000,000. This is the result of the recent suggestion that such notes might be withdrawn from circulation as a check to black-market-ing, gambling, and other undesirable transactions. The note issue now stands at £ 192,000,000. compared with the peak figure of £203,000,000 at the beginning of January.
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Bibliographic details
Otago Daily Times, Issue 25802, 24 March 1945, Page 7
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78NOTE HOARDERS Otago Daily Times, Issue 25802, 24 March 1945, Page 7
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