§ 44. Mr. Callaghanasked the Chancellor of the Exchequer what steps are being taken to place on an institutional basis the informal arrangements that now exist between the central banks for developing currency swaps arrangements as a means of overcoming outbursts of speculation.
§ Mr. MaudlingNone. Swaps and other short-term assistance between central banks under the arrangements that already exist are speedy, flexible and confidential and as such constitute a useful complement to the facilities of the International Monetary Fund.