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Monetary Conference / Italy #214143

CBS Evening News for Tuesday, Nov 30, 1971
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(Studio) US' major trading partners, Belgium, Canada, France, Germany, Great Britain, Italy, Japan, Netherlands and Sweden, meet in Rome, Italy, with US. They demand United States devalue dollar. Major economy non-Communist powers debate intl. monetary situation. United States offers to remove 10% surcharge on imports in exchange for upward revaluation of key foreign currencies. Offer rejected as ridiculous. Treasury Secretary John B. Connally claims progress after today's session.
REPORTER: Roger Mudd

(Rome, Italy) Europeans insist on devaluation of dollar plus dropping of surcharge. How much dollar is worth is key to problem.
REPORTER: Winston Burdett

Reporter(s):
Burdett, Winston;
Mudd, Roger
Duration:
00:01:30

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