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 de… - Vasily Sokolovsky

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.

The currency reform is being carried out separately, in the interests of the American, British and French monopolies, which are dismembering Germany and trying to weaken her by subordinating her economy to themselves.

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.