§ Mr. Powellasked the Chancellor of the Exchequer whether the total currency flow in the relevant periods will be reduced by the amount of the repayments he proposes to make to the International Monetary Fund.
§ Mr. HigginsNo. The currency flow (which is defined in the Introduction to the United Kingdom Balance of Payments, 1970), leads to increases or decreases in the reserves, or affects official transactions with overseas monetary authorities. Repayment to the I.M.F. does not affect the currency flow itself, but its disposition.