FALL OF DOLLAR
LOST SINCE BRITAIN WENT OFF GOLD. United Press Association—By Electric Telegraph—Copyright (Received June 8, 7.30 p.m.) LONDON, June 8. “The Daily Telegraph” says: “The dollar exchange reached 4.07 on Wednesday. The dollar has never been worth so little in London since Britain left the gold standard. Wednesday’s rate represents a fall of 60 cents since America abandoned gold. The latest decline is attributed to speculators selling, particularly from New York. There is also an impression in the market that official operations in America are forcing the sterling rate up.” The City Editor of the “Daily Express” says: “It is not improbable if the dollar depreciates further. Switzerland will abandon the gold standard next week. France will follow.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19330609.2.67
Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19511, 9 June 1933, Page 7
Word Count
120FALL OF DOLLAR Timaru Herald, Volume CXXXVII, Issue 19511, 9 June 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in