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Monetary Situation #459414

NBC Evening News for Thursday, Aug 19, 1971
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(Studio) European money mkts. to reopen Monday; France wants separate exchange rates for trade and speculation; West Germany wants European currencies floated against United States dollar.
REPORTER: John Chancellor

(Brussels, Belgium) Meeting of European cntrys. financial representatives attempting to reach agreement leading to adoption of single European currency; new US econ. policy serving to bring European cntrys. together.
REPORTER: Aline Saarinen

(Studio) United States dollars being traded in West Germany and Switzerland.
REPORTER: John Chancellor

(Zurich, Switzerland) Dollar holding firm in trading at Swiss banks; when European money mkts. reopen, dollar expected to rise at first, then slip back.
REPORTER: Douglas Kiker

(Studio) Canadian delegation going to Washington, DC to argue against 10% surcharge, currency exchanges in New York City running out of foreign money.
REPORTER: John Chancellor

(NYC) People going overseas exchanging currency before leaving out of fear dollars won't be accepted elsewhere; exchange rates down 10-15%.
REPORTER: Liz Trotta

(Studio) Japan has purchased $2 billion this week to keep from having to revalue yen upward; Japan Dow Jones average drops 500 points in 4 days.
REPORTER: John Chancellor

Reporter(s):
Chancellor, John;
Kiker, Douglas;
Saarinen, Aline;
Trotta, Liz
Duration:
00:07:20

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