Pros Notice
STERLING AGREEMENTS
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The present Sterling Agreements expire on
24 September, These have provided a valuable element
of stability in the international monetary scene and
HMG considers it to be in the interest of all that
this stabilising element be continued for a further
period./ING-hao-accordingly-doolded to continue- to-guarantoo-certain-official sterling reserves; us fo
done-under the present Sterling Agreements, ----The-- guarantoo-will-bo-for-six months: the "present" inter- national monetary-poeno-10-in-the-view-of-HMG to
Anoertain-a-background to wairant-commitment-by either the UK-or-tho-signatorier-tv-arrangemento" forïa
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2. The guarantee will be given in the form of a
Government declaration which is being sent to
signatories of Sterling Agreements now in force.
Signatories will be covered by the guarantee provided
that they throughout the period of the declaration
broadly maintain their sterling holdings at present
levels.
3. The guarantee is given at $2493 The guarantee
•
will be implemented if the average of daily rates for
sterling in terms of US dollars throughout the siz
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