HC Deb 19 October 1992 vol 212 cc178-9W
Ms. Harman

To ask the Chancellor of the Exchequer what was the ecu worth in sterling at the time that the 10 billion ecu loan was negotiated.

Mr. Nelson

The revolving credit facility agreed on 4 September was for the equivalent of ecu 5 billion. At the date of the agreement the closing ecu: sterling market rate was 1.3919 to the pound.