During a conference of experts in monetary matters held at the German Ministry of Finance, the following plan was discussed:

“Offensive against Sterling and Destruction of its Position as World Currency”

This plan, which was unanimously approved, contemplates in the first place the necessity of careful preparation and perfect execution of the work enabling the proposed aims to be realised in all the countries of the Near East as well as in North Africa, in the British Colonies and in South America.

It was decided to proceed with the printing in the printing works of the Reichsbank of 30 billions of forged bank notes of £1 and of 2 billions of various other notes. The transfer of these forged notes to foreign countries would be effected through the diplomatic bags of the Ministry of the Navy.