• Short Summary

    With the European money crisis causing confusion in the world's financial capitals, no such thing was happening in Hong Kong.

  • Description

    1.
    GV Hong Kong harbour
    4 ft

    2.
    GV Hong Kong business district
    7 ft

    3.
    Rates in money-changer's window (3 shots)
    21 ft

    4.
    Sign; MONEY CHANGER
    23 ft

    5.
    Looking into money-changer's shop
    25 ft

    6.
    Counting US dollars, marks and HK dollars
    39 ft

    7.
    GV Hongkong airport
    41 ft

    8.
    Travellers exchanging money
    49 ft



    Initials ends/jt/v/ac



    Script is copyright Reuters Limited. All rights reserved

    Background: With the European money crisis causing confusion in the world's financial capitals, no such thing was happening in Hong Kong. This is because the British colony is a free money area and therefore accustomed to fluctuating rates.

    Banks and money-changers reported business as usual today (Monday), although some firms were refusing to sell the West German mark - apparently waiting for it to find its real value when it is floated on the European market today.

    However, all dealers were eagerly buying the mark. The price was only a fraction above the rate before West Germany decided to float its hard-pressed currency.

    While the banks and money-changers took the crisis in their stride, it was a different story for Hong Kong businessmen. Many transactions between Hong Kong and the Common Market countries have been halted until the financial situation becomes clearer.

  • Tags

  • Data

    Film ID:
    VLVAEQWK9JTLLGHV3Q3FP2RSXLDXV
    Media URN:
    VLVAEQWK9JTLLGHV3Q3FP2RSXLDXV
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    10/05/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:19:00
    Time in/Out:
    /
    Canister:
    N/A

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