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... twenty million francs worth of gold was organized by Lafitte as a "drag", exchanging in and out, and did not affect the inventory at all.
The remaining part was covered by long-range transportation clauses for exchange applications, and gold was not actually paid.
Therefore, it appeared on the books that the French Government had exchanged over a hundred million francs worth of gold, but the actual payment did not deplete the Bank of France Reserve’s gold reserves.
Then J ...
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