192. Letter From the Vice President of the Deutsche Bundesbank (Emminger) to the Under Secretary of the Treasury for Monetary Affairs (Volcker)1
Attached please find my understanding of the present situation as concerns exchange rate re-alignment. You will understand that I could not put in any more concrete figures; but the attainable magnitudes have now become fairly clear.
This is, of course, only for your personal information.
With best regards,
- Source: Washington National Records Center, Department of the Treasury, Files of Under Secretary Volcker: FRC 56 79 15, Germany General. Personal. An attached note, dated November 16, reads: “Informed by Mr. Bennett that he has been instructed by Mr. Volcker to give Dr. Emminger an oral answer in Paris this week.” No record of Volcker’s answer was found.↩
- No classification marking.↩