PROCUREMENT OF FOREIGN EXCHANGE BY THE HUNGARIAN GOVERMENT

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP83-00415R011200140003-8
• Release Decision: RIPPUB
• Original Classification: S
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: August 22, 2012
• Sequence Number: 3
• Publication Date: May 9, 1952
• Content Type: REPORT

Declassified in Part- Sanitized Copy Approved forRelease2012/08/22 : CIA-RDP83-00415R011200140003-8
SECRET/bONTROL - US OFFICIALS ONLY
SECURITY INFORMATION
BY
50X1-HUM
HUNGARIAN GOTERNt=
pp current37 restricted to the ColiwoinC foreign exchange sources:
e of objects of art and antiques, which yields several million dollars
50X1-HUM
3.Sale of gif parcel6
a year.
Rumor!)
yielding 1.5 million dol.-
passports are issued in Hungary only for is
leo persiet that passports for Hungarians can be bought
for 1,507.2,000 dollars per persons
0 St
a of money .
50X1-HUM
50X1-HUM
It la assumed thatEungary is receiving foreign exchange aid from the USSR. This
foreign exchange is used for the purchase of raw materials, which are processed in Hun-
gar and are re-exported to the USSa'.
Total receipts from the foregoing sources, as well as from Hungarian exports, fall
short of raviremento for the purchase of raw and strategic materials abroad. In addi-
tion, maintenance of Hungary's diplomatic and trade representations abroad require 12
mdllion della*la annua Procurement of the latter amount of foreign exchange is an
open clusstion
SECRET/CONTROL - US Officials only
50X1-HUM
Declassified in Part - Sanitized Copy Approved for Release 2012/08/22 : CIA-RDP83-00415R011200140003-8