Word: franc
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
There began in the Chamber of Deputies what was termed in Paris as la bataille du franc (the battle of the franc), which, translated into parliamentary language, is a debate on the Government's emergency financial measures (TIME, Jan. 28). Thirty...
...Ruhr occupation appears to them to be nothing more than an academic debate, and that is undoubtedly why this question was handled with the greatest calm yesterday." The following summary of Premier Poincare's failures was also enumerated: The separatist movement he fostered has been denounced; the franc has depreciated 86% since he came into power; the cost of living has gone up by leaps and bounds; the Allied Commission in control of Germany no longer exists except in name; the Ruhr manoeuvers have served no end; no reparations seem likely to come in during the year; the Experts...
...Intransigeant, Paris evening journal: "There is much to be done. . . For instance, why does the Government tolerate the action of the defeatist Frenchmen, having no purchases to make abroad, speculating on the dollar against the franc? Why tolerate that in France, notably Alsace-Lorraine, important contracts are signed between French industrials payable in dollars, as if the franc had ceased to be the only currency having official circulation in France? Whatever way we turn, we find the need for a strong Premier to steer the country through its difficult task. M. Poincaré as Minister of Foreign Affairs has been admirably...
...real remedies for the foreign exchange situation lie neither in the domain of repression nor of regulation. Measures of the kind adopted in foreign countries, notably Germany, have given most deplorable results. There is no possibility of hiding the fact that the present movement of the depreciation of the franc began this time from the interior. This is indisputable. There has developed in the last few days among the French public an unjustified panic, causing excessive purchase of foreign currencies unwarranted by our commercial requirements...
...this came the baleful news that in the last week of last year the paper franc circulation rose by 1,200,000,000 francs, bringing the total up to 39,114,000,000. This was explained by the euphemistic phrase, "end-of-year settlement." It was thought possible, however, that the Banque de France would be forced eventually to raise the banknote circulation over 41,000,000,000, the present authorized figure. This would immediately imperil the gold ratio of 25% and cause a further period of depreciation...