The Archive · 1940

Rise in Dollar Value

"he belief that it is best to keep gold bars is also wrong.

Seen nationalized, "Due to the temporary inability of the Chinese authorities to extend their power to Shanghai at present, a gold black market exists, but once the war over, even though the Chinese Government will not confiscate such stocks, it will certainly take them over at oficial rates."

The article then continues to one lumerate the reasons for the present ise in the value of the Chinese! dollar:

1. "Japanese who have been purchasing foreign exchange are now selling. apparently for the purpose of obtaining Chinese national cur-Feney, which is used for the purchase' of Chinese products for "ex-

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

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