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Thursday, 9 December 1976

Mr Les McMahon (SYDNEY, NEW SOUTH WALES) - Has the Treasurer seen the report that members of the Organisation for Economic Co-operation and Development regard Australia's claim that a devaluation was necessary because of a massive flow of funds out of the country as laughable? Has the Treasurer noticed the report of hostile reaction to Australia's devaluation from governments overseas? Was the rapid decision to reverse the exchange rate slightly the result of pressure from foreign governments and international monetary circles?

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