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Tuesday, 2 April 1968

Mr WHITTORN (BALACLAVA, VICTORIA) - I direct' a question to the Treasurer. Is it correct to assume that recent overseas investment in Australia can be attributed to the fact that investors consider our currency as safe, reliable and freely convertible? Does this indicate the growing strength of our economy and put us in the category of a hard currency country? If so, could this affect our economic policies in the future? Is there a tendency for other countries to keep part of their reserves in Australian currency?

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