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" "It is now clear that the American, British and French representatives, while formally conducting discussions in the Control Council about an all-German currency reform, used these discussions for the secret preparation of a separate currency reform. Attempts to justify the separate currency reform are being made by reference to the necessity of bringing order into the circulation of currency in the Western German zones of occupation, ruined by National Socialism.
Vasily Danilovich Sokolovsky (Russian: Васи́лий Дани́лович Соколо́вский; 21 July 1897 – 10 May 1968) was a Soviet general and Marshal of the Soviet Union who led Red Army forces on the Eastern Front during World War II. After the war, he was made commander-in-chief of the Group of Soviet Forces in Germany and head of the Soviet Military Administration in Germany.
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Huge sums of money have remained in the Western Zones, entirely in the hands of big capitalists and profiteers, money which they had made from war deliveries and speculation. German banking and industrial monopolies have remained in the Western zones and many of them have as good as been transformed into branches of Wall Street, that is branches of American banks and industrial monopolies.
This means that these delegations are destroying the Control Council and burying it, are destroying the agreements reached regarding the Allied Control Council in Germany. Undoubtedly this constitutes one of the most serious violations of the obligations undertaken by the British, American and French occupation authorities in Germany by virtue of the Four-Power agreements on the administration of Germany during the occupation period. But it is hence clear that the actions taken now or which will be taken in the future in the Western zones of occupation in Germany in implementation of the unilateral decisions of the London conference cannot be recognized as lawful.
As everyone knows, the Soviet military administration in Germany, acting in line with instructions from the Soviet Government, has always insisted on the preservation of Germany’s political and economic unity. It has always opposed all separatist actions aimed at the dismemberment of Germany. In the bodies of the Control Council, the representatives of the Soviet Union have used every opportunity to seek agreement on the carrying out of a uniform currency reform for the whole of Germany.