SENSATIONAL JUMP
FRENCH BANK RATE RAISED TO CHECK GOLD OUTFLOW Press Association —By Telegraph—Copyright PARIS, September 24. (Received September 25, at 10 a.m.) The bank rate has been raised to 5 per cent. The sensational jump is intended to check the outflow of gold. It is estimated that £8,660,000 was exported last week. The total since the beginning of August is £26,600,000. THE FRANC RALLIES (British Official Wireless.) RUGBY, September 24. (Received September 25, at noon.) hollowing the news that the Bank of France has raised the rate of discount to 5 per cent., the French franc, which earlier had shown weakness, rallied somewhat on the foreign exchange market. The bank return shows an increase in note circulation of £242,000, which City commentators incline to attribute chiefly to buying by French boarders.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ESD19360925.2.87
Bibliographic details
Ngā taipitopito pukapuka
Evening Star, Issue 22453, 25 September 1936, Page 9
Word count
Tapeke kupu
132SENSATIONAL JUMP Evening Star, Issue 22453, 25 September 1936, Page 9
Using this item
Te whakamahi i tēnei tūemi
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in