CBS Evening News for Friday, Aug 08, 1969
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(Studio) French Cabinet cuts franc value 12 1/2%. Other cntrys. can get more for money buying French goods. Devaluation not supposed to have drastic effect on other currencies. US, West Germany, and Great Britain say dollar, mark, and pound won't be devalued, but mark may be revalued higher. Gold prices up.
REPORTER: Walter Cronkite
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