PROTECTION OF THE DOLLAR
EQUALISATION FUND POSSIBLE. DISCUSSION AMONG BANKERS. By Telegraph—Press Assn.—Copyright. New York, April 28. International banking circles have been giving serious consideration to the possibility that an equalisation fund might have to be established soon to maintain the stability of the United States dollar in foreign exchange markets. This conclusion is predicted on the assumption that the dollar will not immediately be devalued, if at all. Devaluation, it is stated, would have the effect of pegging United States currency, probably obviating the necessity for adopting any other measure. However, if the dollar is not pegged it is likely that some sort of fund might be established to buy and sell foreign exchange in order to protect the dollar from wild gyrations, which would be disturbing to business, in the opinion of certain authorities here.
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Taranaki Daily News, 2 May 1933, Page 7
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137PROTECTION OF THE DOLLAR Taranaki Daily News, 2 May 1933, Page 7
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