HC Deb 25 July 1972 vol 841 cc247-8W
31. Mr. Loveridge

asked the Chancellor of the Exchequer if, since the dollar is not exchangeable for gold, he is satisfied that the large sums of dollars used for capital purchases outside the United States of America continue to form a suitable basis for the purchase of such assets; and if he will make a statement, in particular about such moneys being used to purchase key sectors of British industry.

Mr. Nott

The dollar is still the main currency used in international transactions and its value as a claim on the United States is unchanged.