of all foreign merchandise exported to the United States during the quarter beginning January 1, 1939, 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 percent 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) 1.6931 By decree of Mar. 31, 1936. One belga equals 5 Belgian Conversion of notes into gold suspended Sept. 23, 1931. pended Nov. 22, 1930. Conversion of notes suspended. Exchange control established Oct. 15, 1931. . 0122 Peso. .5714 Conversion of notes into gold suspended Sept. 29, 1931. Conversion of notes into gold suspended June 28, 1933. Conversion of notes into gold suspended Apr. 26, 1932. Gold exports prohibited Mar. 27, 1931; lempira circu- Piaster pegged to French franc at the rate of 1 piaster = 10 VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)—Continued Remarks Conversion of notes into gold suspended Sept. 21, 1931. British money is principal circulating medium. Decree of Aug. 28, 1936, left the monetary unit, th Suspension of convertibility of notes into gold and restrictions placed on free gold exports-Sept. 26, 1936. Newfoundland and Canadian notes legal tender. Conversion of notes into gold suspended and export of gold restricted, Aug. 5, 1914; exchange regulations Dec. 1931. Embargo on gold exports Nov. 13, 1931. Conversion of notes into gold suspended Sept. 29, 1931. Obligation to pay out gold deferred Mar. 13, 1932; Conversion of notes into gold suspended May 18, 1932. Exchange control established Apr. 27, 1936. Gold exchange standard suspended Dec. 31, 1931. Conversion of notes into gold suspended Oct. 7, 1931. British pound sterling and Straits dollar and half dollar 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. 100 piasters equal to the Turkish £; conversion of notes into gold suspended 1916; exchange control estab lished Feb. 26, 1930. Conversion of notes into gold suspended Dec. 28, 1932. Conversion of notes into gold suspended Aug. 2, 1914; (b) Quarter beginning April 1, 1939. 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, 1939, 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 percent 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) Remarks money 0526 8440 Given valuation is of gold peso. Paper nominally convertible at 44% of face value. Conversion suspended Dec. 16, 1929. Control of gold stocks and exports authorized Dec. 17, 1929. Conversion of notes into gold suspended Sept. 23, 1931. Conversion of notes suspended. Exchange control established Oct. 15, 1931. Embargo on export of gold, Oct. 19, 1931; redemption of Conversion of notes into gold suspended Sept. 29, 1931. Exchange control established July 13, 1931. Obligation to sell gold at legal monetary par suspended Conversion of notes into gold suspended Apr. 26, 1932. Gold exports prohibited Mar. 27, 1931; lempira circulates Exchange control established July 17, 1931. Obligation to sell gold at legal monetary par suspended Piaster pegged to French franc at the rate of 1 piaster-10 Conversion of notes into gold suspended Sept. 21, 1931. Embargo on gold exports Dec. 13, 1931. Currency pegged to sterling Sept. 28, 1936, at 2,522 lati= £100 Free export of gold suspended Oct. 1, 1935. 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 restric Conversion of notes into gold suspended Sept. 29, 1931. 1. 6931 .1603 VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)—continued Country Monetary unit Value in terms of United Remarks States money Peso (Argentine)....$1. 6335 Paraguayan paper currency is used; exchange control estab lished 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. Exchange control established Apr. 27, 1936. Paraguay.... Persia (Iran). By act approved Mar. 16, 1935. Poland. Zloty. .1899 Portugal.. Escudo. .0749 Gold exchange standard suspended Dec. 31, 1931. Exchange control established May 18, 1932. Conversion of notes into gold suspended Oct. 7, 1931. British pound sterling and Straits dollar and half dollar 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. 100 piasters equal to the Turkish £; conversion of notes into gold suspended 1916; exchange control established Feb. 26, 1930. Conversion of notes into gold suspended Dec.28, 1932. Conversion of notes into gold suspended Aug. 2, 1914; ex- Exchange control established Dec. 12, 1936. (c) Quarter beginning July 1, 1939. 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, 1939, 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 percent 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) VALUES OF FOREIGN MONETARY UNITS (AT PAR AS REGARDS GOLD UNITS; NONGOLD UNITS HAVE NO FIXED PAR WITH GOLD)-continued $1.6931 .0122 1.6931 .2060 .5714 Pound (100 piasters)... 8. 3692 Remarks .7879 Conversion of notes suspended. Exchange control established Oct. 15, 1931. Embargo on export of gold, Oct. 19, 1931; redemption of Dominion notes in gold suspended Apr. 10, 1933. Given valuation is of gold peso. Gold pesos are received for conversion at the rate of 4 paper pesos for one gold peso. Conversion of notes suspended July 30, 1931. Silver standard abandoned by decree of Nov. 3, 1935; bank notes made legal tender under Currency Board control; exchange rate for British currency primarily fixed at about 1 s. 231⁄2 d., or about 2912 U. S., per yuan. 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 40 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. 1.0000 By law of May 25, 1934. 4537 1.6931 0426 0526 .8440 1.6931 1693 6806 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, pro- Exchange control established July 13, 1931. New gold content of 46.77 milligrams of fine gold per British money is principal circulating medium. 1932. Quetzal.. 1.6931 Gourde. .2000 Italy... Pound. 8. 2397 |