ITALY: Devaluation the lira

Record ID: 646300

  • Title: ITALY: Devaluation the lira
  • Date: 18th October 1976
  • Summary: bourse at closing time, with fixing of the lira at 869,90 with respect to the dollar (that is, 869,90 lira to purchase on dollar). Tourists changing their money at banks, exterior of the banco di rome, one of Italy's largest banks, exterior of bank of monte dei paschi di siena. sending further info by telex. Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 2nd November 1976 12:00
  • Keywords:
  • Location: Rome
  • Country: Italy
  • Reuters ID: LVADIOJR3V92ENZDA7JYLCNGSI1R
  • Story Text: With the government taking away the protective tax imposed for fifteen days on the purchase of the lira, the lira was expected and actually did sink with respect to the dollar. also the deutsche marck was revalued upwards with respect to other currencies and was thought to have allayed pressure on the lira.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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