The franc reached the lowest point in its recorded history when it fell to more than 20 to the dollar.
The event gave rise to a prodigious amount of comment upon French finance:
A High Official of the Banque de France (speaking of the alleged —AngloGerman attempt to drive France to inflation) : "This is a vain hope. To whatever measures France is obliged to resort in order to complete her reconstruction, she will never imitate Germany. France is a rich country, in full prosperity, and will find her...
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