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Dollar #227110

CBS Evening News for Monday, Feb 12, 1973
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(Studio) World's major money mkts. close. American tourists abroad can't exchange dollars.
REPORTER: Walter Cronkite

(Capitol Hill) Congress committee hears testimony on money crisis. Admin. spokesperson gives little information Econ. adviser Herbert Stein says it's a bad day to talk about dollar crisis. [Representative Henry REUSS - says Congress feels parity of dollar should be fixed by market forces rather than by fiat of financial mins. and bankers. Suggests administration keep this in mind.] Reuss and other money experts want dollar to float and find own level, but it is believed Undersecretary Paul Volcker in process of fixing value of dollar in relation to mark and yen.
REPORTER: George Herman

Cronkite, Walter;
Herman, George

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