FRANCE’S FINANCES
A RETURN OF CONFIDENCE STABILISING THE FRANC EXCHANGE CONTROL REQUESTED PARIS, Dec. 27. M. Bonnet in the Senate again rejected exchange control as a solution of France’s problems. He revealed that the Bank of France has recovered 10,000,000,000 francs worth of gold in recent months. Hence the Treasury can easily stabilise the franc at its present level, thanks to profits from further devaluations and the return of confidence which permitted the repayment of the £14,000,000 railway loan.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19371229.2.68
Bibliographic details
Wanganui Chronicle, Volume 80, Issue 308, 29 December 1937, Page 7
Word Count
79FRANCE’S FINANCES Wanganui Chronicle, Volume 80, Issue 308, 29 December 1937, Page 7
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. 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