Word: reichsmark
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Dates: during 1931-1931
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...Jacobsson. When the Wiggin Committee reached a tentative agreement on freezing foreign credit in Germany last week, it was promptly rejected by the German delegates for various reasons, the most important being that it left out of consideration the reichsmark balances in cash of foreign firms in Germany. This item totals nearly $140,000,000. If these balances were suddenly withdrawn, Germans believe they would be as badly off as ever. This point remained unsettled last week. The Wiggineers went back into their huddle. In the meantime the B. I. S. made an important move. Per Jacobsson, Swedish economist...