World Finance Ministers Meet to Debate Dollar Role
Sylvia Porter reports from Washington that Free World finance ministers will gather for a pivotal IMF meeting to discuss refining Bretton Woods structures to reduce dollar dependence. The piece cites Roosa and Fed Chair Williams warning against dollar devaluation and outlines US steps to boost exports, limit aid, raise rates, and promote dollar defenses.
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Sylvia Porter
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Washington
Free World
Bretton Woods
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International Monetary Fund
World Bank
U S Notion of Dollar Devaluation Flickers in Speech
The speaker emphasizes buying time to balance international accounts and improve financial machinery while rejecting unilateral devaluation of the dollar. The statement signals a cautious stance on currency policy and global economic strategy.
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U.S
Treasury
Robert ‘Roosa
Rabbi Convicted of Speculation Sentenced to Death
A Moscow Soviet court convicted a rabbi of currency speculation and ordered his execution by firing squad. The Friday announcement described the case as a severe breach of state finance rules in the wartime economy.
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Moscow
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