Foreign Relations of the United States Diplomatic Papers, 1940, The British Commonwealth, The Soviet Union, The Near East and Africa, Volume III

867.5151/174: Telegram

The Secretary of State to the Ambassador in Turkey (MacMurray)

Washington, March 21, 1940—1 p.m.

20. Tour despatches 1287 December 6 and 1316 December 30.³³

1. Are all proceeds of Turkish exports to the United States now being liquidated at 1.625 Turkish pounds to the dollar?

2. Does the 1.625 rate now apply to all dollars offered for sale in Turkey from noncommercial and commercial transactions alike?

3. What kinds of transactions, if any, result in a higher or a lower rate than 1.625?

Please report by telegraph, elaborating in a despatch if necessary.

Hull

33. Neither printed.