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France / Franc / Economy #198556

CBS Evening News for Tuesday, Nov 26, 1968
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(Studio) French government sets new budget cuts. Some stability returns to foreign exchange mkts. 1969 French nuclear test program to be cancelled. Funds to be reduced for supersonic transport Concorde. Premier warns against price hikes and hinted at wage controls. Franc, pound, dollar firm today, gold prices eased. Currency restrictions in effect.
REPORTER: Walter Cronkite

(Paris, France) Not more than $40 worth francs can be taken out of country per person or $100 in foreign exchange. At Orly Airport customs officials hard at work. At French-German border it's tougher, especially at Strasbourg.
REPORTER: Peter Kalischer

Reporter(s):
Cronkite, Walter;
Kalischer, Peter
Duration:
00:02:00

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