THE GERMAN MARK
DEPARTURE FROM GOLD FORTY PER CENT, DEVALUATION Press Association—By Telegraph—Copyright. PARIS, June 11. (Received June 12, at 11.45 a.m.) Well-informed quarters have received a report that Germany departs from gold in July, pegging- the mark at 4.20 per paper dollar, compared at present with 4.20 per gold dollar. This is equivalent to 40 per cent, devaluation. : German economic circles arc or opinion that this does uot involve price deflation. OFFICIAL DENIALS. BERLIN, June] 11. (Received June 12, at noon.) Official:.denials are still being issued, of the reports’ that Germany is abandoning gold. The Government states that it does not intend to intervene in the gold dollar obligations of private concerns. The settlement of such ] debts is a private matter.,
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Evening Star, Issue 21744, 12 June 1934, Page 12
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122THE GERMAN MARK Evening Star, Issue 21744, 12 June 1934, Page 12
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