مجموعة ٣٠/ ٢٢٤ "ترتيبات العملة في المشيخات العربية في الخليج الفارسي." [و‎‎٣‎٠] (٦٢٠/٦٦)

oon
i
SPL/ilR
tm imperial bakk oh irah,
11# Tei©e;rapL street f
Moorgate, ii.C.£ #
TL© Chief Cashier,
Ixchenge Control,
Ih;nk of Angle nd,
h • C • 2 •
24th April 1948.
Lear Sir,
S>ohar^e Control » Peralen Gulf 3heikao.ua
With reforeno© to postscript to your letter of 25th
March, 1948, we append relative coaraenta fro*a two or our Branches*
The reply from Dubel will be forwarded to you on receipt.
Batoeln 14 th , :>rll 1948
M Since we ere bound by the exchange regulations of the
Reserve bank of Indie we do not operate in the Bahrein free market.
Answers on the particular currencies mentioned are -
Cover in the past obtained from the
Indian Control. Now cover would be
obtained from them or in London.
)
) We do not keep a position in these
) currencies, cover is obtained through
j sterling and our Lonuon Office.
Persian Rials We do not deal In Persian Rials.
Business with Persia is connuctea In
Bterling or Rupees*”
Kuwait 14th April 1948
. ^ „ "Plesse inform the Bank of kngiana that we deal only
in tn© following curro iclen at present *»
U.B.Dollars
Canadian Dollars
Swiss Pranos
Belgian m».ics
Portuguese Escudos
Syrian Lebanese Pounds
Sterling, Kgyptlaa Pounds, Palestine Pounds, Iraq ilnara onfl
U.S.Dollers.
"Cover for our Ster 11 tig sales are obtained from our
pureaases of Sterling almost wholly from the Kuwait Oil Company*
t "Our sales of other currencies are negligible but if
^no Political Resident issues a permit in no n-B ter ling Area
currencies we would cover through you* previously when control
was in the hands of th© Reserve Bank of India we covered through
bank Ltd., Bombay. We do not sell the particular currencies
mentioned in your O.L. but me chants themselves supply us with
cjiiars bought fraa the various A»w#riosn Oil Companies in Arabia to
retire bills drawn in dollars or Swiss Prance. Uo to the present
we have had no drawings in the other currencies mentioned, but
presumably sierchaata would supply us with dollars to cover .Belgian
rrunc or Portuguese Kaoudosdrawinga. Persian riels and Syrian and
^ootinese pound drawings would be covered through you in sterling on
production by the merchant of a Recommendation Certificate.”
Tvura faithfully>
(ga.)
Sub-iianager.