• Short Summary

    MONEY TO BURN AND PLENTY OF IT...HUNDREDS OF MILLION OF FRANCS, IN FACT-SUCH IS THE?

  • Description

    MONEY TO BURN AND PLENTY OF IT...HUNDREDS OF MILLION OF FRANCS, IN FACT-SUCH IS THE SITUATION IN KATANGA.OFFICIALS OF THE CENTRAL CONGOLESE GOVERNMENT ARE NOW DESTROYING TONS OF PAPER MONEY AS ONE OF THE FINAL ACTS IN THE PRE-INTEGRATION OF KATANGA PROVINCE, WHOSE SECESSION WAS FORMALLY ENDED SIX MONTHS AGO.

    FRANCS ISSUED BY THE NOW DEFUNCT KATANGA NATIONAL BANK HAVE STEADILY BEEN WITHDRAWN FROM CIRCULATION; FIRST FROM THE LARGER CENTRES, AND THEN OUTLAYING DISTRICTS.BROUGHT BY THE TON TO THE PROVINCIAL CAPITAL, ELISABETHVILLE, THE MONEY IS NOW BEING DESTROYED UNDER THE WATCHFUL EYES OF OFFICIALS SENT FROM LEOPOLDVILLE BY THE CONGO MONETARY COUNCIL.

    THE LATEST CONSIGNMENT, SOME 20 LARGE CASES, WERE FED INTO FURNACES IN AN ELISABETHVILLE BUILDING - THE EXACT WHEREABOUTS OF WHICH IS BEING KEPT A CLOSELY GUARDED SECRET.FOR EVERY FRANC DESTROYED, NATIONAL CONGOLESE CURRENCY IS ISSUED IN EXCHANGE.

  • Tags

  • Data

    Film ID:
    VLVA5R7BK2NK0USWYHBI228C9MJMJ
    Media URN:
    VLVA5R7BK2NK0USWYHBI228C9MJMJ
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    18/07/1963
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:51:00
    Time in/Out:
    /
    Canister:
    N/A

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