U.S. CURRENCY
SHIPMENTS ABROAD DECISION TO REMOVE RESTRICTIONS NEW TREASURY ORDER (United Press Assn—Telegraph Copyright.) (Rec. 7.0 p.m.) Washington, Nov. 12. Restrictions upon transactions in foreign exchange imposed when the United States Treasury was initiating its attempt to regulate the value of the dollar abroad were removed to-day by the Secretary, Mr Henry Morgenthau. The requirement that the permission of the Treasury must be obtained for all shipments of currency and transfers of credit abroad was eliminated, and in its stead was substituted one that those dealing in sums exceeding 5000 dollars in any week report to the nearest Federal Reserve Bank so that a check might be kept upon the movements of capital. The new order will permit people to take their money out of the country whenever they desire without asking the Government’s permission.
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Southland Times, Issue 22478, 14 November 1934, Page 7
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136U.S. CURRENCY Southland Times, Issue 22478, 14 November 1934, Page 7
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