RISE AND FALL PROCEEDS
GOVERNMENT SELLS STERLING
RATE LIKELY TO BE MORE STABLE.
(OKIIED PRESS ASSOCIATION. COPTMGHT.)
(AUSTRALIAN-NEW ZEALAND CABLE ASSOCIATION.) LONDON, 19th January. The "Morning Post's" Paris correspondent says that the franc, after a sharp rally, lost ground substantially, to-day's average being 92.75 to the £. After hours it reached 93.30.
British banking circles in Paris anticipate that the rate will remain around 95 for some weeks. One of the French banks closely associated with the Government states that the Government has been selling £250,000 sterling daily for some days to sustain the exchange.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19240121.2.76.1
Bibliographic details
Evening Post, Volume CVIII, Issue 17, 21 January 1924, Page 7
Word Count
94RISE AND FALL PROCEEDS Evening Post, Volume CVIII, Issue 17, 21 January 1924, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Evening 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 Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in