THE GERMAN VIEW
EFFECT OF DEPRECIATION Rec. April 21. Berlin, April 20. Financiers associated with the Reichsbank consider the fluctuations of the dollar cannot touch the dollar exchange in the long run. America Us the world's greatest creditor and therefore the continuous demand for ' dollars will maintain the dollar quotation near parity. America's action is necessary to prevent the irregular withdrawals of gold. It is unlikely to aflf ect Germany currency which has ' stocks of foreign currency adequately protected, but the lasting depreciation of the dollar would decrease Ger1 man exports and possibly necessitate a moratorium. Hague, April 20. Holland is not likely to abandon the gold standard.
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Rotorua Morning Post, Volume 2, Issue 513, 22 April 1933, Page 5
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108THE GERMAN VIEW Rotorua Morning Post, Volume 2, Issue 513, 22 April 1933, Page 5
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