Russian gold

Bibliographic data

Monograph

Identifikator:: 1772009490

URN:: urn:nbn:de:zbw-retromon-156190

Document type:: Monograph

Title:: Russian gold

Place of publication:: [New York]

Publisher:: Amtorg Trading Corporation, Information Department

Year of publication:: 1928

Scope:: 72 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Statement by the State Bank of the U.S.S.R. on the shipments of Soviet Gold to the United States

Collection:: Economics Books

Soviet Union, in spite of the catastrophic decline of the ruble, aided in strengthening and developing the bank, is well known, not only to all citizens of the Soviet Union but also to the banks throughout the world; also the methods used and the rate at which the State Bank was able to accumulate, in the course of its commercial oper- ations, gold and foreign exchange reserves. “The State Bank of the U. S. S. R. is responsible only for obligations incurred by itself. The State Bank of the U.S. S. R. is an independent corporate body, in no manner a part of the State Treasury Department. The State Bank does not carry any respon- sibility for the debts of the Treasury Department. “Similarly in the United States the State Bank assumes respon- sibility only for its own obligations. It is strange that the Bank of Trance, a bank of a country carrying on diplomatic relations with the U. S. S. R,, presents in such a unique manner claims against the U. S. S. R. which result from war-time relations between the Czarist and the French governments and their respective central banks. This is still more inexplicable in view of the well known fact that the Soviet and the French governments, upon resumption of diplomatic relations, mutually agreed to adjust all fiscal disputes through negotiations. “The presentation by the Bank of France of this absolutely baseless claim may be explained only by a desire to put obstacles in the way of developing and strengthening trade relations between the State Bank of the U. S. S. R. and the friendly banks in other countries,—the United States among others,—and by a desire to hamper the issue operations of the State Bank, through the raising of doubts as to the right of the State Bank to dispose, in its own way, of its gold and foreign exchange funds. These calculations are ill-advised. The State Bank will continue to support in the future, with an even greater measure of success, I hope, the building up and strengthening of Soviet commercial and credit operations with foreign banks and industrial and trade organizations, on the basis of the established correct procediire. “The news of the action of the French Bank, supported by a hostile note of the French Ambassador in the United States, which was aimed at the breaking up of normal and friendly commercial relations between the State Bank of the U. S. S. R. and foreign banks, in particular those of the United States, and at the undermin- ing of the issue operations of the State Bank, will arouse sentiment among the broad masses of the Soviet Union who have made the AQ

Access restriction

Copyright

fullscreen: Russian gold

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation