"MANAGED CURRENCY"
"As to the question of managing the currency, if y*m call it a managed currency, obviously the power of managing the currency is very much diminished, and the difficulty of managing the currency is very much increased when you have, as you have at present, such an enormous volume of short-term money available throughout Europe. That means to say that if you are going to manage the currency it has got to be on a very large scale indeed, and those are things that have to be takn into account in considering how far you ai-e going to use it. I have no hesitation in saying that we do not desire to see the pound forced up to a rate which will be injurious to industry-" —The Chancellor of the British Exchequer, Mr Neville Chamberlain.
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https://paperspast.natlib.govt.nz/newspapers/WAIPO19320524.2.56
Bibliographic details
Waipa Post, Volume 44, Issue 3181, 24 May 1932, Page 7
Word Count
137"MANAGED CURRENCY" Waipa Post, Volume 44, Issue 3181, 24 May 1932, Page 7
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