• Short Summary

    FINANCE MINISTER OF COUNTRIES IN THE FRANC ZONE MET IN PARIS TODAY (25 SEPTEMBER) AT THE START OF A CONFERENCE TO DISCUSS WHAT SURCHARGES SHOULD BE APPORTIONED TO EACH MEMBER COUNTRY OF THE COMMUNITY FOLLOWING LAST MONTH'S DEVALUATION OF THE FRANC.

  • Description


    FRENCH FINANCE MINISTRY; DELEGATES FROM MALAGASY REPUBLIC; TOGO; FRANCE; IVORY COAST; CHAD; CENTRAL AFRICAN REPUBLIC; MALI; CAMEROUN; GABON; AND UPPER VOLTA.




    Initials WW/V/PW/OS



    Script is copyright Reuters Limited. All rights reserved

    Background: FINANCE MINISTER OF COUNTRIES IN THE FRANC ZONE MET IN PARIS TODAY (25 SEPTEMBER) AT THE START OF A CONFERENCE TO DISCUSS WHAT SURCHARGES SHOULD BE APPORTIONED TO EACH MEMBER COUNTRY OF THE COMMUNITY FOLLOWING LAST MONTH'S DEVALUATION OF THE FRANC.

    THE MINISTERS OF THE 15 COUNTRIES ARE ATTENDING THE CONFERENCE AT THE ECONOMICS AND FINANCE MINISTRY IN THE FRENCH CAPITAL.

    THE ECONOMICS AND FINANCE MINISTER OF THE IVORY COAST, MR. KONAN BEDIE, WHO IS ATTENDING THE CONFERENCE, HAS POINTED OUT THAT HIS COUNTRY WILL BE AMONG THE MOST BADLY PENALISED BY THE DEVALUATION, BECAUSE OF ITS LOWER ECONOMICAL DEVELOPMENT AND BECAUSE IT WILL HAVE TO PAY MORE ITS FOREIGN BORROWINGS .

    MR. BEDIE SAID THAT HIS COUNTRY FAVOURED THE USE OF SPECIAL DRAWING RIGHTS, BUT ADDED THAT HE CONNECTED THIS CREATION WITH THE PARTICIPATION OF THE MONETARY FUND IN THE FINANCING OF STOCKS AIMING AT THE STABILISATION OF THE PRICES OF RAW PRODUCTS, AND IN THE FINANCIAL ASSISTANCE THIS ORGANISATION WOULD GIVE TO THE COUNTRIES BEARING THE COST OF UNPREDICTABLE AND HEAVY DROPS IN MARKET PRICES.

  • Tags

  • Data

    Film ID:
    VLVAAV0H97NECQ6GSRMRK5VHFJ723
    Media URN:
    VLVAAV0H97NECQ6GSRMRK5VHFJ723
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    25/09/1969
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:19:00
    Time in/Out:
    /
    Canister:
    N/A

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