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(b) Quarter beginning April 1, 1944. Pursuant to section 522, title IV, of the Tariff Act of 1930, reenacting section 25 of the act of August 27, 1894, as amended, the following estimates by the Director of the Mint of the values of foreign monetary units are hereby proclaimed to be the values of such units in terms of the money of account of the United States that are to be followed in estimating the value of all foreign merchandise exported to the United States during the quarter beginning April 1, 1944, expressed in any

such foreign monetary units: Provided, however, That if no such value has been proclaimed, or if the value so proclaimed varies by 5 per centum or more from a value measured by the buying rate in the New York market at noon on the day of exportation, conversion shall be made at a value measured by such buying rate, as determined and certified by the Federal Reserve Bank of New York and published by the Secretary of the Treasury pursuant to the provisions of section 522, title IV, of the Tariff Act of 1930.

VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)

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Control of gold stocks and exports authorized Dec. 17, 1929.

By Decree of Mar. 31, 1936. One belga equals 5 Belgian francs. The Anglo-Belgian financial agreement of
June 7, 1940, fixed the rate of exchange of the Belgian franc and the franc of the Belgian Congo at 176.625 francs
for £1 sterling.

.6180 Conversion of notes into gold suspended Sept. 23, 1931.

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Silver standard abandoned by decree of Nov. 3, 1935; bank notes made legal tender under Currency Board
control; exchange rate for yuan fixed at 20 to the U. S. dollar by Stabilization Board of China, July 10, 1942.
Treasury notes and notes of the three banks of issue made legal tender by silver nationalization ordinance
of Dec. 5, 1935; exchange fund created to control exchange rate.

Obligation to sell gold suspended Sept. 24, 1931. New gold content of .56424 grams of gold 10 fine established
by monetary law of Nov. 19, 1938, effective Nov. 30, 1938.

Conversion of notes into gold suspended Sept. 18, 1914: exchange control established Jan 16, 1932.
By law of May 25, 1934.

Conversion of notes into gold suspended Sept. 29, 1931.
U. S. money is principal circulating medium.
Conversion of notes into gold suspended Feb. 9, 1932.
Conversion of notes into gold suspended Sept. 21, 1931.
Conversion of notes into gold suspended June 28, 1933.
Conversion of notes into gold suspended Oct 12, 1931.

Provisions of monetary law of Oct 1, 1936, providing for gold content of franc, superseded by decree of June
30, 1937, which stated that the gold content of the franc shall be fixed ultimately by a decree adopted by
the Council of Ministers. Until issuance of such decree a stabilization fund shall regulate the relationship
between the franc and foreign currencies.

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VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)-Continued

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Decree of Aug. 28, 1936, left the monetary unit, the peso, to be later defined by law.
Suspension of convertibility of notes into gold and restrictions placed on free gold exports-Sept. 26, 1936;
gold export prohibition repealed by decree June 28, 1938; prohibition restored by Act of Nov. 25, 1938. The
Anglo-Netherlands financial agreement of June 14, 1940, established the official rate of exchange between
the Netherlands Indies guilder and the pound sterling at 7.60 guilders for £1 sterling By act of Sept. 20,
1940, the Netherlands Indies Volksraad decided, subject to later ratification by law that the Java Bank
shall fix the value of its stocks of gold coin and bullion at Fl. 2.121 per kilogram fine.
Newfoundland and Canadian notes legal tender.

Conversion of notes into gold suspended and export of gold restricted, Aug. 5. 1914: exchange regulations
Dec. 1931.

New unit established by decree law Oct. 5, 1943, effective 30 days later; not tied to gold. Certain prior-dated
obligations, etc., expressed in the gold peso (oro sellado) are converted as equivalent to 134 Guaranis. Initial
exchange rate fixed by Bank of the Republic of Paraguay at 1 Guarani equals U. S. $0.3255. Exchange
control established June 28, 1932.

Obligation to pay out gold deferred Mar. 13, 1932; exchange control established Mar 1, 1936.

Conversion of notes into gold suspended May 18, 1932.

By act approved Mar. 16, 1935.

Exchange control established Apr 27, 1936.

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Conversion of notes into gold suspended Oct. 7. 1931.

British pound sterling and Straits dollar and half dollar legal tender.

Conversion of notes into gold suspended Sept. 29, 1931.

Order of Federal Council enacted Sept. 27, 1936, instructed the Swiss National Bank to maintain the gold parity of the franc at a value ranging between 190 and 215 milligrams of fine gold.

Conversion of notes into gold suspended Dec. 28, 1932.

One chervonetz equals 10 rubles. Notes not convertible into gold.

Conversion of notes into gold suspended Aug. 2, 1914; exchange control established Sept. 7, 1931 New gold content of .585018 grams of pure gold per peso established by monetary law of Jan. 12, 1938

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(c) Quarter beginning July 1, 1944. Pursuant to section 522, title IV, of the Tariff Act of 1930, reenacting section 25 of the act of August 27, 1894, as amended, the following estimates by the Director of the Mint of the values of foreign monetary units are hereby proclaimed to be the values of such units in terms of the money of account of the United States that are to be followed in estimating the value of all foreign merchandise exported to the United States during the quarter beginning July 1, 1944, expressed in any such foreign monetary units: Pro

vided, however, That if no such value has been proclaimed, or if the value so proclaimed varies by 5 per centum or more from a value measured by the buying rate in the New York market at noon on the day of exportation, conversion shall be made at a value measured by such buying rate, as determined and certified by the Federal Reserve Bank of New York and published by the Secretary of the Treasury pursuant to the provisions of section 522, title IV, of the Tariff Act of 1930.

VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)

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Exchange control established July 17, 1931.

Obligation to sell gold at legal monetary par suspended Sept. 21, 1931.

Piaster pegged to French franc at the rate of 1 piaster= 10 French francs; conversion of notes into gold suspended Oct. 2,
1936.
Conversion of notes into gold suspended Sept. 21, 1931.

New gold content of 46.77 milligrams of fine gold per lira established by monetary law of Oct. 5, 1936.
Embargo on gold exports Dec. 13, 1931.

Currency pegged to sterling Sept. 28, 1936, at 2,522 lati-£100; on Sept. 13, 1939, a law was passed providing that if the
pound sterling should depreciate by more than 5 percent with respect to the United States dollar, or the Swedish
krona, the Bank of Latvia shall take steps to keep the rate of exchange of the lat stable by basing it on gold or some
other monetary unit.

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