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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