The value of the German Mark has been raised: The higher valuation of the D-Mark in International financial transactions is one of the most important economic events in recent years for Germany.
The rate of exchange for the US dollar is reduced 5% from DM 4,20 to about DM 4 -- which decision has of course corresponding effect on any currency which is linked to the dollar. The raised purchasing power of the German money will reduce local prices of imported merchandiser, but it will boost prices of German exports to foreign countries. Photo shows The new rates of exchange listed at a bank of Munich.
Photo measures 8.25 x 6 inches.
Photo is dated 3-5-1961.
Photo back:
