DEFENDING THE FRANC
— — » % Discount Rate Doubled To Avoid Devaluatioii (Received 29, 10.45 a.m.) PARIS; Jan'i 28. Following insistent mmours of further dOvaluation, and a new flight from the franc, involving heavy f orward ■ discounts, the French bank rate has been raised from two to four per cent. M. Yincent Auriol, Finance Minister, in a statement, said that the Government would not be pushed into devaluation by speculators.
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Hawke's Bay Herald-Tribune, Issue 12, 29 January 1937, Page 5
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67DEFENDING THE FRANC Hawke's Bay Herald-Tribune, Issue 12, 29 January 1937, Page 5
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