DEVALUATION
GOLD CONTENT OF FRANC. M. Laval, Premier of France, says he will not devaluate to please the bankers. What he means is that he will not lower the gold content of the franc froni its present standard of fineness and weight, as did President Roosevelt with the United States dollar, making it worth 59.06 per cent, of its former value. Thus, if the devaluation of the franc was 25 per cent, it would mean that 100 francs gold would become 125 francs gold. This devaluation of the franc would have the same effect as inflation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WAIPO19360110.2.81
Bibliographic details
Waipa Post, Volume 52, Issue 3705, 10 January 1936, Page 10
Word Count
96DEVALUATION Waipa Post, Volume 52, Issue 3705, 10 January 1936, Page 10
Using This Item
NZME is the copyright owner for the Waipa Post. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in