HC Deb 19 January 1971 vol 809 c245W
Mr. Shore

asked the Chancellor of the Exchequer what was the debt repayment by Great Britain to the International Monetary Fund in 1970; and what sums are due to be repaid in 1971 and subsequent years.

Mr. Higgins

Outstanding United Kingdom drawings from the International Monetary Fund were reduced by £134 million during 1970; £78 million by net repurchases of sterling by the United Kingdom and the remainder as the result of Fund sales of sterling to other members. £970 million was still outstanding at end 1970.

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