Tientsin, Apr. 28. The Federal Reserve Bank currency in North China, which recently weakened sharply in terms of Chinese National currency, slumped even further today.
The premium on Chinese National currency was today as high as 32 per cent,, so that it takes as much as 132 FRB. dollars today to buy 100 Chinese National dollars. Yesterday the premium was 30.5 per cent; on Saturday it was only 17 per cent.
The FRB, dollar is still nominally valued in terms of sterling at 14 pence. The Chinese National dollar's market value in Tientsin today, in terms of sterling, is 8% pence.
May 1.
The Federal Reserve Bank currency in North China moved another notch down today, the Chinese National dollar ruling at a premium of 33 per cent. fon the "black market" against the F.RB. dollar. Thus today, it takes as much as 133 F.R.B. dollars to buy 100 Chinese National dollars. On Friday, when the last dealings were done, it took 132 F.R.B. dollars to buy 100 Chinese National dollars—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.