HC Deb 30 January 1973 vol 849 c343W
Mr. Body

asked the Minister of Agriculture, Fisheries and Food what conversion rate is to be used by the Intervention Board when converting the European Communities' unit of account into sterling.

Mr. Godber

The Intervention Board will use the "reference rate", which the Council of Ministers agreed and which is equivalent to £ = £2.1644 units of account—$2.3499.

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