STERLING AND DOLLAR
iPress Assn.-
TIME TO AGAIN CONSIDER CO-ORDINATE POLICIES ACTION WITH AMERICA
— By Telegvaiih — Copyright).
London, September 3 Discussing the World Economic Conference the Midland Bank's review says: "The time has come for, conJ sidering again whether common action upon the pound and the dollar, brought into practical association by the co-ordination of external monetary policies, is not the next step to world recovery. If Mr. Roosevelt's more radical plans in his internal policy succeed it is desirable that the result — a substantial rise in the prices of primary commodities — should be communicated to the entire hlock of countries attached to sterling. To this end deliberate regulation from both sides of the sterling-dollar rate is required. "Britain and the United States now have identical objectives. The position reached in Amer.ica is such that British cooperation is possible, may indeed be needed to turn the scales in favour of success. Official opinion .in America probably no longer takes the extremist view that the external value of the dollar can be allowed to go entirely free. If so the door is wide open to a co-ordination of policies."
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Bibliographic details
Rotorua Morning Post, Volume 3, Issue 628, 5 September 1933, Page 5
Word Count
188STERLING AND DOLLAR Rotorua Morning Post, Volume 3, Issue 628, 5 September 1933, Page 5
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