HOARDING OF GOLD
(Press. Assn.-
EXPORT OF AMERICAN COIN TO EUROPE TO BE STOPPED
£1,000,000 WEEKLY GOING
-By Telegraph — Copyright).
NEW YORK, Tuesday. The Federal Reserve Bank has confirmed the New York banking houses' order to discourage American gold coins in Europe, and will refuse to make further export of coin; hut the export of gold in bars will continue. It is estimated that the hoarding of American coins is proceeding at the rate of 5,000,000 dol lars weekly, coins going to Switzerland, Belgium, Holland, Germany and France.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 139, 4 February 1932, Page 3
Word Count
88HOARDING OF GOLD Rotorua Morning Post, Volume 1, Issue 139, 4 February 1932, Page 3
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