HC Deb 04 February 1952 vol 495 c73W
55. Captain Duncan

asked the Secretary of State for Foreign Affairs what action he has taken with the Indonesian Government with a view to their amending the present regulations under which British companies and individuals operating in Indonesia are forced to buy and sell at a fixed rate of exchange, but when allowed to remit the proceeds of sales or profits to the United Kingdom can only do so at a rate of exchange which represents a loss of about one third of the value of such remittances.

Mr. Eden

I understand that a statement was to be made in Djakarta during the weekend by the Indonesian authorities announcing the abolition of the system of which my hon. and gallant Friend complains. I have not yet received details of the new regulations.

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