Congo Crisis Factions Clash as Mobutu Pushes North
Reported in Leopoldville anti Lumumbist and Gizenga loyalists face pressure from Mobutu forces advancing from Boende toward Ikela and Stanleyville. U N Command notes Mobutu’s troops seized a Lumumbist armored car at Ikela while Lumumbist defenses strain Oriental Province markets and cash flow amid talks for a confederation plan in Madagascar.
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London Sterling Run Drains Sterling Area Reserves
London banks report West Germany revaluing the mark triggered a nine percent drain on the sterling area's gold and foreign currency reserves. Telegraph estimates up to 100 million pounds may have left, reducing total reserves to about 1.24 billion pounds. The sterling area, led by Britain, uses London as its monetary reserve hub.
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