| Description | Application for European Payments Union (EPU) debtor rallonge, February 1957. Fund drawing anticipated, March 1957. Ratissage recommence, March 1957. Governor lunches with Baumgartner in Paris, April 1957. Effect of ratissage on EPU position of United Kingdom (UK) and France, April 1957. French trade with Egypt halted, April 1957. Per Jacobsson against further French Fund drawings, May 1957. Roy Bridge visits Paris, May 1957. Fund drawing, June 1957. Per Jacobsson seeks devaluation, June 1957. Bourges-Mannoury forms government, June 1957. William John Hawkins visits Bank of France, June 1957. EPU Managing Board meeting, July 1957. Bank strike, July 1957. Bank view of France's intended application to borrow from EPU before Fund/Bank meeting, August 1957. Exchange system modification approved by Fund - Bank temporarily suspends official franc rates, August 1957. Effective devaluation not applicable to exchange for raw materials import, August 1957. |