CBS Evening News for Monday, Aug 11, 1969
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(Studio) French franc came through 1st day after devaluation successfully. British pound a bit below. West German mark advances a bit.
REPORTER: Walter Cronkite
(Paris, France) Devaluation, price freeze, and austerity measures is government plan. Prices jump 15-20%. To be cut-backs in wages and farm subsidies. France really popular with tourists since dollar worth more.
REPORTER: Adam Raphael
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