The Archive · 1928

Mahan Bank for China (SELLING RATES

It. Lie ILS ire, /eST Mex, Swine Fra 324 a ward delivery. When the official statement, was cabled here from Japan that the authorities there had:

intention to lift the gold embargo before the expiration of at least another year, the yen cross-rate fell at once to 478 USS.

While on the subject it will pro-ably of interest to record here the doings of the yen in 1927.

The highest business cross-rate during the past year was 49% USS for 100 yen; the lowest business:

Subsidiary Coin Exchange ex, Axo CuiNese Dottane:— quotation in 1927 was 458 U.S$ for 100 yen.

The following were the average 10924 73f4ns] Yokohama Speete Bank's otcial 7.7.

Text read from the printed page and cleaned; old type leaves the occasional error.

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