This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...Just before the war it stood at 26.10 pesetas per pound sterling (par 25.22) and during the first part of August fluctuated between Pesetas 23.85 and Pesetas 26.60 per pound, the higher quotation being, of course, in favour of Great Britain. Heavy purchases by France and England of war munitions and provisions turned ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...Just before the war it stood at 26.10 pesetas per pound sterling (par 25.22) and during the first part of August fluctuated between Pesetas 23.85 and Pesetas 26.60 per pound, the higher quotation being, of course, in favour of Great Britain. Heavy purchases by France and England of war munitions and provisions turned the exchange in favour of Spain, where it has remained ever since, and England has even found it necessary to ship gold to Spain from time to time in order to keep the rate adjusted. A study of Spanish foreign trade returns shows a great decline in imports and a large growth in exports. New industries appear to have been started all over the country for the manufacture of goods previously imported from England and elsewhere. These industries have been greatly aided by a return of skilled workers from the belligerent countries. Barcelona has been particularly active in supplying war munitions of all descriptions to France, while both France and England at present afford an unlimited market for the products of the new industries so recently started, such as blankets and cloth, jams, marmalades, etc. The position of the Scandinavian nations, Norway, Denmark and Sweden, was very similar to that of Holland, being contiguous to both Great Britain and Germany. Under normal conditions the Scandinavian nations are generally indebted to Great Britain, and at times lean heavily on London for financial assistance. At the beginning of the war exchange was in favour of London, standing at K. 18.25 as against the par of K. 18.16, and remained favourable well into 1915, when it fell as low as K. 16.60. The fall was due to a number of causes. England's exports to these countries had practically ceased, while her imports" from them had increased. Russian pu...
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Add this copy of Notes on Foreign Exchange and a Glossary of Financial to cart. $22.92, new condition, Sold by Books2anywhere rated 5.0 out of 5 stars, ships from Fairford, GLOUCESTERSHIRE, UNITED KINGDOM, published 2021 by HardPress Limited.
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