HC Deb 03 December 1931 vol 260 cc1284-6W

asked the Chancellor of the Exchequer whether he will now take steps to withdraw all restrictions on dealings in exchange, so that traders who have to buy or sell exchange forward for legitimate business purposes can have the advantage of an open market?


There are no restrictions on the purchase of foreign exchange for normal trading requirements, and I am advised that the withdrawal of the existing restrictions on speculative purchases of exchange would not assist the market for forward exchange for ordinary business purposes.