"Too Much Hoarding" Of World Currencies
' NEW YOEK, July 28. Mr. Bernard Bafueh, American elder statesman, believes that currencies should be allowed to find their own level in .tlie world maFkets. . Advancing tlii3;,yiew in an interview with the North .American Newspaper Alliance, Mr. Baruch' said, however, that before- -currencies were allowed to seek their own level the Britisli Conimonwealth of .Nations- and Egypt should cancel Britain's. irozen sterliug war debts to them. Condemning - - the confnsed internatio'hal curren'ey sittration, he said: "You have Britisli pounds? Persian pounds, Kong Kong pounds, and I don't know how many' other pounds selling at different ;prices. , You have black markets; gr)ey;>j nfarketp . and red markets. You have'dbllar areas, sterl ing areas, and Commuuist areas, loaded with restrictions and^ctifling trade. All are highly nationalistic and war breed ing. Also, you^ave too many people hoarding" dollars. "
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Chronicle (Levin), 30 July 1949, Page 6
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139"Too Much Hoarding" Of World Currencies Chronicle (Levin), 30 July 1949, Page 6
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