EXCHANGE PROBLEM
Four Experts in Control - (Reeeived 8, 8.45 a.m.)) LONDON, March 6. The Paris correspondent of The Iimes says that four banking experts will control the exchange nnder the leadership of Jl. Charles Rist, honorary direetor of the Bank of France. Their appointment is generally approved, yet paradoxically the appointment stimulated saies of French curreney as the views of M. Rist and two colleagues suggest that the franc will shortly be allowed to flnd a level near a lower limit, equivalent to 113 to tbe pound set by the devaluation law. The Government by appointing the committee changed its monetary poliey without changing its Finance MinisteT and simultaneously transferred a delicate task from a harassed politician to detached technicians.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBHETR19370308.2.36
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 44, 8 March 1937, Page 5
Word Count
120EXCHANGE PROBLEM Hawke's Bay Herald-Tribune, Issue 44, 8 March 1937, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Herald-Tribune. 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 NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in