AUTHORIZES POLISH CUSTOM HOUSES TO BUY FOREIGN CURRENCIES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600400685-7
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 3
• Document Creation Date: December 22, 2016
• Document Release Date: August 25, 2011
• Sequence Number: 685
• Publication Date: August 10, 1951
• Content Type: REPORT

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CLASSIFICATION CONE IDENT'_AL ~flfl
CENTRAL INTELLIGENCE AGEQAI" REPORT
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
Economic - Finance, foreign trade
Irregular official newspaper
Warsaw
30 Jun 1951
HOW
PUBLISHED
NHERE
PUBLISHED
DATE
PUBLISHED
LANGUAGE
THIS DOCUMENT CONTAINS INFORMATION AFFECTING THE NATIONAL DEFENSE
OF THE UNITED STATES WITHIN THE MEANING OF ESPIONAGE ACT ^O
U. S C.. 31 AND SE. AS AMENDED ITS TRANSMISSION OR THE REVELATION
OF ITS CONTENTS IN ANY MANNER TO AM UMAUTHORIEEO PERSON IS PRO-
HIBITED BY LAW. REPRODUCTION Of THIS FORM IS PRONINITED.
DATE OF
INFORMATION 1951
DATE DIST. /0 Aug 1951
NO. OF PAGES 3
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
AUTHORIZES POLISH CUSTOMHOUSES TO BUY FOREIGN CURRENCIES
Item 757, Order of the Minister of Finance of 25 June 1951, provides for
the purchase of foreign currencies by customhouses.
The following order is being issued in accordance with Paragraph 1, Sec-
tion 1, Point 18 of the order of the Council of Ministers defining the com-
petency of the Minister of Finance and the change in the competency of the
State Economic Planning Commission (Dziennik Ustaw No 22 Item 188):
Paragraph 1. The customhouses at locations listed below are authorized to
purchase from persons legally crossing the Polish borders, foreign currencies
specified by the Polish National Bank at the current rates of exchange accord-
ing to quotations published by said bank-, Gdynia, Gdansk, Szczecin-Port,
Szczecin, Szczecin-Gumience, Swinoujscie, Kolobrzeg, Ustka, Leia, Gubiny,
Kostrzyn, Rzepin, Krosno Odrzanskie, Gryfino, Turoszewo, Tupilce, Chalupki,
Zawidow, Lubawka, Mieroszow, Miedzylesie, Wegliniec, Zebrzydowice, Cieszyn,
Przemysl, Terespol, and Warszawa-Lotnisko (Warsaw Airport).
Paragraph 2, The customhouses may not purchase bank notes of doubtful
authenticity, worn out or damaged bank notes, small coins, or bank notes in
denominations larger than those designed in the foreign exchange quotations
of the Polish National Bank.
The customhouse may not return change in foreign currency.
Paragraph 3. The customhouse shall make two copies of the assignment of
the foreign currency on Polish National Bank forms, specifying the categories
and the amount of foreign currencies purchased, the rate of exchange, and the
value of the transaction in zlotys.
The name of the seller should not be shown on the assignment unless
the seller specifically requests a written confirmation of the sale. The
seller shall receive the second copy of the assignment. A strict accounting
shall be made of assignment forms.
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Paragraph 4 The purchase of foreign currencies by customhouusesTshallibe
handled only at points and by personnel designated for the purpose. e
assigned to accorance with local
purchase
of
possible, determine
two clerkshshallpurchase
conditionscustomhouse
point. If necessary, the purchase points shall operate 24 hours a day and on
Sundays and holidays:
Paragraph 5, The amount and categories of foreign currencies purchased
shall be entered on the certificate issued to the seller showing the ,amount of
money and valuables brought in,
re-
Paragraph gpurchasedll A make pdisbursements from the
serve for foreign n currencies P
office of the customhouse shall be supplied with a cash advance to handle trans-
actions..
Paragraph 7 The purchase points shall transmit daily foreign currencies
purchased and the original copies of the purchase assignment to the customhouse
cashier, Foreign currencies purchased shall constitute a part of the cash re-
serve of the office and shall be stored in the safe with cash in zlotys. The
cashier's desk of the customhouse shall enter the foreign currencies purchased
in the foreign currency register. Each transaction shall be entered as a
separate item The items shall be numbered in consecutive order for the yearn
Before transmitting the money to the Polish National Bank, each column
in the register under categories should be totaled for the entire period fol-
lowing the last transmittal. The assignment documents shall be kept with the
foreign currency Tegister at the customhouse.
Paragraph 8o When the foreign currency is transmitted to the Polish Na-
tional Bank, two statements shall be prepared by the key-punch method giving
the category of the foreign currency, the amount in the foreign monetary unit,
the rate of exchange, and the value in zlotys at the prevailing rate of ex-
change. The amount in zlotys shall be shown in figures and also written out,
The statements shall be signed by the cashier and by the head of the accounting
department or the chief of the customhouse after verification of the figures
with the money being transferred
The second copy be transmitted with the foreign currency to the
y shall - be
Polish National Bank; the first copy shall be used as a voucher to support the
charge to expenditures in the cash book for the value of the money transferred,
The money received in zlotys from the Polish National Bank for the
value of the foreign currencies shall be entered in the cash book as income;
the Polish National Bank's receipt for the transmittal shall be attached to the
foreign currency register.
Paragraph 9. The customhouse shall transfer the foreign currencies pur-
chased to the nearest branch of the Polish National Bank whenever aggregate pur-
chases exceed 1,000 zlotys in value, or at least once a month. Should the cus-
tomhouse receive information that a currency which it has purchased and now
holds has been withdrawn from circulation, it should immediately transfer such
currency to the Polish National Bank,
Paragraph 10, A customhouse located near a branch of the Polish National
Bank shall deliver the foreign currency to the Polish National Bank by messenger
and receive the equivalent in zlotys at the rate of exchange in effect for the
transaction.
CONFIDENTIAL
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A customhouse not within easy reach of a Polish National Bank Branch
shall transmit the foreign currency by registered mail; the bank shall transmit
the equivalent in zlotys at the rate of exchange at the time of purchase by
postal money order' addressed to the chief of the customhouse, with a receipt.
for the transmittal.
Paragraph 11. The customhouse shall pay the postage for the transmittal of
foreign currency to the bank; the bank shall cover the cost of postage for trans-
mitting the money order and receipt to the customhouse.
Paragraph 12. The Polish National Bank shall supply the customhouses des-
ignated'. for the purchase of foreign exchange with all necessary material and
information particilarly foreign exchange quotations and a list of foreign cur-
rencies in circulation.
The Polish National Bank shall control all transactions involving foreign
currencies, the proper use of the transfer forms, quotations, foreign currency
registers, transmittals of foreign currency to banks, and the training of custom-
house personnel for handling the transactions.
Paragraph 13. This order becomesteffective 1 July 1951
J. Dabrowski
Minister of Finance
G 'I F~171 11
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