§ Mr. Hefferasked the Chancellor of the Exchequer what steps are being taken to remove sterling from any role it may continue to have as a reserve currency; and if he will make a statement.
§ Mr. Robert SheldonThe reserve currency rôle of sterling is a matter for holders of sterling as well as the United Kingdom authorities. Contact with major official holders is continuous and close, and my hon. Friend can be assured that all relevant factors in this complex area are kept under review.