HC Deb 05 February 1976 vol 904 c708W
Mr. Ridley

asked the Chancellor of the Exchequer if he will ensure that in future the United Kingdom reserves are expressed only on the basis of the market exchange rate between the US $ and the £ sterling, and no longer on a parity rate of £1 equals $2.89524.

Mr. Dell

I would refer the hon. Member to the answer I gave on 4th February to the hon. Member for Croydon, Central (Mr. Moore).