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End of hidden subsidy to South Vietnam eyed by House panel
The House Government Operations Committee urged President Nixon to end an exchange rate subsidy by reforming Vietnam s currency rate. The panel says the current rate costs U S taxpayers hundreds of millions over three years and could curb U S aid if Saigon refuses to adopt a market reflecting the dollar s value.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Nixon
South Vietnam
Congress
United States
Saigon
Vietnam
Foreign Operations and Government Information
U.S
Nguyen van Thieu
William S. Moorhead
D-Pa
Japan
Europe
America
General Accounting Office