THE FALL IN THE FRENCH EXCHANGE RATE
CONSTERNATIONS PARIS. London, September 17. The "Morning Post's" Pans correspondent states that the newspapers express consternation nt the. sudden fall in the exchange'rate. They are of opinion that the onlv solution is that America should open a fifty years' credit of 11)00 millions sterling, with • interest nt i\ per cent., leaving France free o utilise the credit, to buv in any market she pleases. This ■would'make "dollars plentiful, and end the present competition between merchants, which is causing soaring prices. The big rises in the dollar and the sovereign are often due'to transactions which would have been normal prior to the war. -Aus.-N.Z. Cable Assn.
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Dominion, Volume 12, Issue 305, 20 September 1919, Page 7
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112THE FALL IN THE FRENCH EXCHANGE RATE Dominion, Volume 12, Issue 305, 20 September 1919, Page 7
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