The shrewd bankers of Berne last week showed just how important they
think the Allied successes in Sicily are. They were paying only half as
much for German marks as they paid before the Sicilian invasion began.
Unlike German bonds, the mark has reacted to Allied victories in only
one waydownward. In Berne last week a Reichsmark was worth the
equivalent of 1.86 U.S. cents (in 1939, 14 cents).
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