PRICES FIXED.
Argentine Decree Raises Levels. FREE EXCHANGE MARKET. United Press Assn.—By Electric Telegraph—Copyright. (Received November 30, 1.50 p.m.) BUENOS AIRES, November 29. The Argentine Government, by decree, has fixed the price of wheat at 62 cents a bushel, corn 44 cents, and flax at 115 cents, on the basis of United States currency. The decree has raised prices from 11 to 16 per cent over the previous level. It also creates a Grain Regulation Board to purchase money drafts I'rQm exporters and to send them to firms needjng foreign‘exchange by a virtual auction system. The Government anticipates that this system will defray the expenses of the grain subsidy, leaving the Government a net profit. The Finance Minister (Senor de Pinedo) announced that the Government was partially abandoning its control of the monetary exchange in a move toward re-establishment of a free exchange market, which has been nonexistent since November 26, 1931.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19331130.2.116
Bibliographic details
Star (Christchurch), Volume LXIV, Issue 932, 30 November 1933, Page 11
Word Count
152PRICES FIXED. Star (Christchurch), Volume LXIV, Issue 932, 30 November 1933, Page 11
Using This Item
Star Media Company Ltd is the copyright owner for the Star (Christchurch). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Star Media. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in