REASONS FOR SUDDEN RISE IN VALUE OF UNITED STATES DOLLARS IN HONG KONG

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R008500570002-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: November 16, 2016
• Document Release Date: March 24, 2000
• Sequence Number: 2
• Publication Date: September 5, 1951
• Content Type: REPORT

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CL.ASSIFICA7taf~ - ~N~InENT_ I~ 25X1 A
cou~-~RY ~an~ ~~n~
StIBJEC~' ~ieason$ for Sadden Jose in 'Ve3.t~,~~
of United States Uailarg in ~on~; I~n~
p~CE 25X1 A ~, ~~!
ACQUIRED
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is '.the failo~ing are reasons far the phenor~enaJ. rise in the ~raiue of United
States do~.lars in terms of F~on~ Yoram curreancyrb r~hich ?reached a high cif ~~~~8
to US ~3of30 during the weelz of 2~3t? Au~a.sto
a< x'he price of gold has beQxx nisi>~ and gold merch~~its gill e.cce~pt United
Ste,tes dollars onip~
ba Sa~aanese trading shY;ps entering I~Sacao demand payment fn United States
cux?:?ency~
ati ?.i'ha,t the United States is :L~.censin~; certain. shiprients into Tsang ~'rax-g hae
ar~,ted a demand for tJnlted Ste.tes doilaxse
2., Also the Y;i~r of United Sts,tes dollars is downs 2'hai~.aa~d? usually e. very
heavy 5up~ul er of notes to none; Knn~*~, is not~r not selling but actually buyinnral
Aversear~ remittances axe aiso dot~~n
25X1A 2m ~ Corar~ento CD S, ~uei? editorial ~rrit~r of the Hong TiCon,~ 'fir
25X1 X St?~ra.dard.~ ta~.d an in hang bong on 25 Au~.st that the
a~igP in~the gold. ~arlce is conn~,ated ~ratth some bid des? in ~an~kok,
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