Business & Finance: New Currencies

As if foreign exchange were not sufficiently complicated already, many new currency units have been created in the last few years as a result of recent War conditions abroad. The several new governments set up by the Treaty of Versailles naturally had to have some standard coin, and have thus 'been the source of several new ones. The Republic of Lavia adopted the "lat," equal to a gold French franc, or 19.3ยข in U. S. money. The Free State of Danzig chose the "gulden" of about equal value. Lithuania, however, in establishing its new standard...

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