The separate currency reform does serious damage to the economic recovery of Germany. Instead of a uniform German currency there will be two currenci… - Vasily Sokolovsky

Seeking to make secure the development of Germany’s peace economy on the basis of the Potsdam decisions and in the interests of the German people, the Soviet military administration in Germany tries to get a currency reform for the whole of Germany. The Soviet military administration condemns the action of the American, British and French occupation authorities in carrying out a separate currency reform, and holds them completely responsible for the consequences of this action.

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.

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.