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Intl Economy #214457

CBS Evening News for Monday, Dec 20, 1971
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(Studio) For. money exchanges closed as dollar devaluated. Mood of gloom in Japan. People's Republic of China, exchange halted. USSR charges 8% commission on dollar. Govts., tourists adjust to change in Europe.
REPORTER: Walter Cronkite

(Rome, Italy) Loss of 5 cents on dollar. Italians feel favored. Fiat Motor Company cited.
REPORTER: Winston Burdett

(Frankfurt, Germany) Devaluation most costly to West Germany. Prdts. to cost 12% more. Chancellor Willy Brandt blamed. United States troop cost in Germany will rise; GI pay raise wiped out.
REPORTER: John Sheahan

(London, England) United Kingdom finds United States prdts. cheaper. Exporter price reduction anticipated. Britain expects to remain in favorable position.
REPORTER: Richard Wagner

Reporter(s):
Burdett, Winston;
Cronkite, Walter;
Sheahan, John;
Wagner, Richard
Duration:
00:03:30

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