CURRENCY CONFUSION.
United Press Assn.—By Electric Telegraph—Copyright. (Received August 28, 1.40 p.m.) LONDON, August 27. Referring to the currency confusion, “The Telegraph” says: The pound and dollar last week were each left to find their own level, the Exchange Equalisation Fund having apparently suspended activities in the holding of sterling. That is the only possible explanation for the sharp advance on Saturday of the franc, mark and other gold currencies. They have risen steadily since the World Economic Conference. There is already widespread apprehension in Europe as to what this portends. The allegiance of France, Germany, Holland and Switzerland to the gold standard will be tested by the race of depreciation between the pound and dollar, and unless the movement is checked questions loom ahead to disturb Europe.
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Bibliographic details
Star (Christchurch), Volume LXIV, Issue 852, 28 August 1933, Page 1
Word Count
128CURRENCY CONFUSION. Star (Christchurch), Volume LXIV, Issue 852, 28 August 1933, Page 1
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