The Courier-Mail

40 YEARS AGO

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OUR DOLLAR TO HOLD VALUE Canberra –The Federal Government will not take the Australian dollar down in line with New Zealand’s currency devaluatio­n, announced yesterday. This will mean Australian goods – rural and manufactur­ed products – will be 15 per cent dearer in New Zealand, and where they compete with New Zealand goods elsewhere. The Premier (Mr Bjelke-Petersen) demanded immediate devaluatio­n of the Australian dollar.

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