THE DOLLAR EXCHANGE.

Taranaki Daily News, 14 February 1920, Page 5

THE DOLLAR EXCHANGE.

ITS INFLUENCE ON TRADE. ADVICE TO EXPORTERS. By Telegraph.—l'ress Aisn, v CoDHlcht,. , Received Feb. 13, 7.20 p.m. .Sydney, Feb. 13. In connection with the exchange rate difficulty the American Consul -advises exporters to sell to Amerjca in dollars instead of sterling., is already doing this, and other Countries are beginning to take the saijiie attitude, which the United State? is encouraging. A prominent Sydney banker declared that by doing this Australian merchants would be helping to stabilise the London money market. Any Australian bank would collect these dollars for ti 6mall commission, or settlement could be made in the ordinary course through London. A seller v/uuM thereby get not only a legitimate* profit, but ' the benefit accruing from adverse exchange. Also, Australian buyers of American goods should insist on delivery at the normal dol]ar exchange. Most goods from America were sold at rates which allow ample trade profits without an additional profit boing made on the dollar exchange.— Aus.-N.Z. Cable Assn.