Mark Revaluation Nudges West German Mark Higher
West Germany and six partner nations raised the mark by two to six percent under the snake arrangement effective Monday. Analysts say the move offers only a brief pause in currency speculation as a stronger revaluation of six to ten percent or bloc dissolution may be needed to curb capital inflows totaling about 2.8 billion dollars since August.
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Mozambique attack on Rhodesia plantations shocks border region
Mozambican troops fired rockets and mortar bombs at white owned tea and coffee plantations in Mount Selinda district Rhodesia across the border near Umtali. No injuries reported minor damage. Security forces retaliated. The attack occurred as national leaders prepared for Geneva talks on Rhodesia’s transition to black majority rule.
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