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J. 333305MONO-State Galley 171 UNCORRECTED GALLEY PROOF marks used by the forces of each nation. Reichskreditkassenscheine and other German Military currency will not be legal tender in Germany. 2. In the event, however, that for any reason adequate supplies of Allied Military marks and/or Reichsmarks are not available, the United States forces will use yellow seal dollars and regular United States coins and the British forces will use British Military authority notes and regular British coins. Records will be kept of the amounts of currencies used by the United States and British forces. 3. If it is found necessary to use U. S. yellow seal dollars and BMA notes, the following provisions will apply to such use: a. The rate of exchange between the U. S. yellow seal dollar and the BMA notes will be 4.035 dollars to one pound, and the two currencies will be interchangeable at that rate. The United States Treasury will make the necessary arrangements with the British Treasury. b. You will issue a proclamation, if necessary, requiring all persons to accept U. S. yellow seal dollars and BMA notes at the decreed rates. Transactions at any other rates will be prohibited. C. The issuance of yellow seal dollars and BMA notes will cease and Allied Military mark and/or Reichsmark currency will be used in their place as soon as available. d. U. S. yellow seal dollars and BMA notes will be withdrawn from circulation as soon as such withdrawal can be satisfactorily accom- plished. e. Records will be kept of the amounts of such currencies used by the United States, British and other Allied forces. 4. The rate of exchange to be used exclusively for pay of troops and military accounting purposes will be marks to the dollar and - marks to the pound sterling. A general rate of exchange may be furnished to you later. Holders of mark currency or deposits will not be entitled to purchase foreign exchange without special permission. They will obtain dollars or pounds, or any other foreign currency or foreign exchange credits, only in accordance with exchange regulations issued by you. 5. The Financial Division of the Civil Affairs Section for Germany will include in its functions the control of all funds to be used by the Allied Military Forces within the area, except yellow seal dollars and BMA notes which will be under the control of U.S. and British forces respectively. It will maintain all the accounts and records necessary to indicate the supply, control, and movement of these currencies including yellow seal dollars and BMA notes, and other funds, as well as financial data required for the determination of expenditures arising out of operations or activities involving participation of Allied Military forces. a. Insofar as operations relate to the provisions of currencies for the pay and other case requirements of military components of the Allied forces, the Financial Division will supply Allied Military marks from currency on hand and will record the debit against the military force concerned at the rate of exchange prescribed in paragraph 4 above. b. Insofar as operations relate to the provision of currencies for civil administration, the Finance Division will supply Allied Military marks from currency on hand and will record the debit against the Allied Military Government. c. If found practicable and desirable, you will designate, under direct military control and supervision, the Reichsbank, or any

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Page
172
Source index
0
Type
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Media ID
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Core
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Type
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Context sent to Scholar

Document identity
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Page context
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    "ocrText": "J. 333305MONO-State\nGalley 171\nUNCORRECTED GALLEY PROOF\nmarks used by the forces of each nation. Reichskreditkassenscheine\nand other German Military currency will not be legal tender in\nGermany.\n2. In the event, however, that for any reason adequate supplies of\nAllied Military marks and/or Reichsmarks are not available, the\nUnited States forces will use yellow seal dollars and regular United\nStates coins and the British forces will use British Military authority\nnotes and regular British coins. Records will be kept of the amounts\nof currencies used by the United States and British forces.\n3. If it is found necessary to use U. S. yellow seal dollars and BMA\nnotes, the following provisions will apply to such use:\na. The rate of exchange between the U. S. yellow seal dollar and\nthe BMA notes will be 4.035 dollars to one pound, and the two\ncurrencies will be interchangeable at that rate. The United States\nTreasury will make the necessary arrangements with the British\nTreasury.\nb. You will issue a proclamation, if necessary, requiring all persons\nto accept U. S. yellow seal dollars and BMA notes at the decreed rates.\nTransactions at any other rates will be prohibited.\nC. The issuance of yellow seal dollars and BMA notes will cease and\nAllied Military mark and/or Reichsmark currency will be used in their\nplace as soon as available.\nd. U. S. yellow seal dollars and BMA notes will be withdrawn from\ncirculation as soon as such withdrawal can be satisfactorily accom-\nplished.\ne. Records will be kept of the amounts of such currencies used by\nthe United States, British and other Allied forces.\n4. The rate of exchange to be used exclusively for pay of troops\nand military accounting purposes will be marks to the dollar\nand\n- marks to the pound sterling. A general rate of exchange\nmay be furnished to you later. Holders of mark currency or deposits\nwill not be entitled to purchase foreign exchange without special\npermission. They will obtain dollars or pounds, or any other foreign\ncurrency or foreign exchange credits, only in accordance with exchange\nregulations issued by you.\n5. The Financial Division of the Civil Affairs Section for Germany\nwill include in its functions the control of all funds to be used by the\nAllied Military Forces within the area, except yellow seal dollars and\nBMA notes which will be under the control of U.S. and British forces\nrespectively. It will maintain all the accounts and records necessary\nto indicate the supply, control, and movement of these currencies\nincluding yellow seal dollars and BMA notes, and other funds, as well\nas financial data required for the determination of expenditures\narising out of operations or activities involving participation of Allied\nMilitary forces.\na. Insofar as operations relate to the provisions of currencies for\nthe pay and other case requirements of military components of the\nAllied forces, the Financial Division will supply Allied Military marks\nfrom currency on hand and will record the debit against the military\nforce concerned at the rate of exchange prescribed in paragraph 4\nabove.\nb. Insofar as operations relate to the provision of currencies for\ncivil administration, the Finance Division will supply Allied Military\nmarks from currency on hand and will record the debit against the\nAllied Military Government.\nc. If found practicable and desirable, you will designate, under\ndirect military control and supervision, the Reichsbank, or any"
}