Bucharest, Oct, 20. The National Bank of Rumania has, according to an announcement made here today, suspended all clearing payments for private imports from Britain. It is added that the National Bank has repaid the importers the sums deposited by them in Rumanian currency and has requested them to meet their obligations in "uncontrolled" currencies.
This wholly unexpected measure has created considerable consternation among Rumanian importers who now find themselves forced. to purchase sterling at a much higher price. While the clearing rate of exchange for sterling was 676 Lei on October 1, the exchange rate on the open market is as much as 1,200 Lei.
All orders placed in Britain have as a consequence been cancelled as British goods have become too expensive.—Trans-Ocean.
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