HC Deb 15 March 1978 vol 946 cc237-8W
Mr. Skeet

asked the Chancellor of the Exchequer what is his policy on the pricing of oil not in US dollars but in terms of special drawing rights or a basket of selected currencies; and what would be the implications for the United Kingdom.

Mr. Robert Sheldon

The decision is one for the OPEC countries. The implications for the United Kingdom of such a change would depend on the future movement of sterling against other currencies.