HC Deb 16 June 1947 vol 438 c183W
Mr. Bossom

asked the Chancellor of the Exchequer if he will give a list of the countries in which the British is a pegged exchange value.

Mr. Dalton

In practically every country in the world buying and selling rates for sterling in terms of the local currency have been fixed by the responsible.authority. Most countries are members of the International Monetary Fund, and any change in the par value of their currency and thus in its relation with sterling is subject to the Articles of the Fund.