ARGENTINA’S STAND
SALES ONLY TO ALLIES
DURATION OF WAR
(Reed. Nov. 23, 9 a.m.) BUENOS AIRES, Nov. 22.
The Argentine Government has announced its intention to prevent purchases by countries other than Britain and France Cor the duration of the war.
The director of the Exchange Control Bureau, Senor Alfredo Louro, states that he is refusing requests for exchange for importations from other countries for merchandise which can in some form be acquired in Britain. He added that the Argentine must increase her dependence on the Runciman agreement of 1933 and “buy from those who buy from us.”
■Senor Louro said the repercussions of the war on the Argentine economy were very different from those of 1914. “We must import and even facilitate imports in order to provide foreign exchange for countries buying our crops and meat,” he declared. The Buenos Aires correspondent of the New York Times states that commercial circles believe the announcement portends giant combined barter and compensation agreements.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20102, 23 November 1939, Page 5
Word Count
162ARGENTINA’S STAND Gisborne Herald, Volume LXVI, Issue 20102, 23 November 1939, Page 5
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