§ Mr. Biggs-Davisonasked the Chancellor of the Exchequer what is his latest estimate of the amount of Irish currency circulating in Northern Ireland, and Great Britain, respectively; what policy governs its acceptance; and what is his estimate of its effect on monetary stability.
§ Mr. Robert SheldonRepublic of Ireland notes and coin circulate freely in Northern Ireland but hardly at all in Great Britain. They are not legal tender in the United Kingdom but may be exchanged through banks or by those who choose to accept them. United Kingdom currency also circulates in the Republic and I do not consider this two-way traffic a threat to monetary stability.