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France / Franc Valuation #198533

CBS Evening News for Monday, Nov 25, 1968
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(Studio) De Gaulle effort to save franc uncertain. Background given re: French economy United States extends credit. Strict controls applied to francs leaving country Police, troops enforce restrictions. Franc seems to maintain strength in monetary mkts.
REPORTER: Walter Cronkite

(Paris, France) Austerity program noted. Situation described. [Gold SPECULATOR - questions franc.] [Vice President Chase Manhattan Bank James PHELAN - comments with regard to situation.] [French Banker Jerome SEYDOUX - anticipates honeymoon between France and US. Lyndon Johnson cable noted.] De Gaulle pleads with Frenchmen. French characterized as gallant with lives, cautious with savings.
REPORTER: Peter Kalischer

Cronkite, Walter;
Kalischer, Peter

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