HC Deb 12 July 1979 vol 970 cc260-1W
28. Mr. Newens

asked the Minister of Agriculture, Fisheries and Food if he intends to continue to press for any further devaluation of the green pound.

Mr. Peter Walker

The Government are committed to devalue the green pound so as to enable our producers to compete on level terms with those in the rest of the Community. The 5 per cent. devaluation agreed in June is a substantial step forward, and I shall keep the position under review.

30. Mr. Knox

asked the Minister of Agriculture, Fisheries and Food what is the current rate of the green pound.

Mr. Peter Walker

The present rate of the green pound is 1.72039 European currency units, giving a current United Kingdom MCA of 5 per cent.

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