THE PRESIDENT'S DAILY BRIEF 3 AUGUST 1973

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0005993892
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 11
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: August 3, 1973

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The President's Daily Brief
3 August 1973
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Exempt from general
declassification scheduk of E.O. 11652
exemption category 5B(1),(2).(3)
declassified only on approval of
the Director of Central Intelligence
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FOR THE PRESIDENT ONLY
THE PRESIDENT'S DAILY BRIEF
3 August 1973
PRINCIPAL DEVELOPMENTS
Khmer Communist forces continue to test Phnom Penh's
outer defenses. The insurgents reportedly have no
present plans to capture the capital itself, but are
disappointed that their pressure has not brought down
the Lon Nol government? (Page 1)
In the past week the dollar gained slightly against
the mark and the French franc, but dropped with re-
spect to the British pound and the yen. (Page 2)
The French
(rage 6)
The US veto of last week's Middle East resolution in
the UN has strained relations with the non-aligned
nations and with the other Western members of the
Security Council. (Page 4)
India
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Pakistan 25X1
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A note on coup-plotting in Haiti appears on Page 6.
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Phnom Penh
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Government sweep
operations
Insurgents
cutfoad
554497 8-73 CIA
Statute3?Iiles
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CAMBODIA
Khmer Communist forces are continuing to test
Phnom Penh's outer defenses.
In an apparent effort to divert Cambodian Army
units from the defense line south of Phnom Penh, in-
surgent units in the past several days have stepped
up attacks between the Bassac and Mekong rivers. A
small insurgent force in this area is now operating
within two miles of Takhmau, the capital's largest
suburb. Other Communist units have cut Route 1
twelve miles from the capital. Army commanders, in
response to these threats, are planning to shift
the 1st Division from the Route 3 front, where a
new government counterattack has met stiff resist-
ance.
Northwest of Phnom Penh, government sweep op-
erations are putting pressure on small insurgent
elements that have infiltrated into an area three to
five miles from Pochentong Airport. Intercepted mes-
sages suggest that the insurgents in this sector
have been trying to consolidate their units for an
attack on the airport or other key installations on
the western outskirts of the capital.
the Communist offensive against Phnom Penh
has not gone as well as expected.
a group of local insurgent officials from
the Phnom Penh region met in mid-July and conceded
that the offensive had been ineffectual since it had
not brought down the Lon Nol government. The of
agreed that the offensive had foundered be-
cause heavy air strikes had caused substantial cas-
ualties and hindered tactical movement and supply
activity. They noted, however, that they were under
orders to continue the struggle by increasing pres-
sure on Phnom Penh's outskirts, although no action
to capture the capital itself was being planned.
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INTERNATIONAL MONETARY DEVELOPMENTS
The dollar showed a modest advance yesterday
on European money markets. Since July 26 it has
gained slightly more than 2 percent against the mark
and the French franc, but lost some ground to the
British pound. Pressure on the EC joint float has
eased because the mark has dropped more than the
other participating currencies. The dollar's re-
covery and the mark's fall are largely attributable
to the easing of credit conditions in Germany. Few
observers, however, believe that the mark's problems
are over.
The dollar fell slightly with respect to the
yen this week. Last month's demand for the dollar,
stimulated by Japanese exporters' repayment of debts
to the central bank, has largely dissipated. Japa-
nese monetary officials are in general agreement
that the yen should be allowed to appreciate another
5 to 6 percent in the coming months. They expect
upward pressure on the yen partly because Japan
usually runs a large trade surplus during the third
and fourth quarters.
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FRANCE
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UN
The US veto last week of a Middle East resolution
sponsored by non-aligned nations has strained rela-
tions with those countries. They may .reciprocate
by counteraction on such issues as the Korean ques-
tion in the General Assembly this fall, where they
hold a majority and there is no veto. In the past
week, non-aligned representatives blocked Western
initiatives for UN action on terrorism and issued
a statement condemning US bombing in Cambodia.
The veto also opened a rift between the US and the
other Western members of the Security Council. They
considered the non-aligned resolution acceptable and
were unwilling to *line up with the US against Arab
countries, with whom they have major commercial in-
terests. They have let it be known that in their
view the US was unnecessarily rigid; some of them
also see in last week's events evidence of increasing
US disinterest in the UN.
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SOUTH ASIA
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NOTE
Haiti: Persistent coup rumors continue to cir-
culate in Port au Prince in the wake of the palace
fire on July 23 that destroyed much of the ?overn-
ment's store of arms and ammunition.
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