ABC Evening News for Wednesday, Mar 01, 1978
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(England) Dollar devaluation in Europe explained and effects reported Comparison made to German mark. Reasons given that West Germany and Japan don't want to expand economy and thus decrease amount of American dollars on world market American oil imports noted; circle involved in buying oil and OPEC (Organization of Petroleum Exporting Countries) ntns. raising prices explained. Switch by French and Italians to healthier currency, due to fears of incrd. Communist influence in those cntries., mentioned.
REPORTER: Peter Jennings
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