HC Deb 11 March 1977 vol 927 cc698-9W
Mr. Dykes

asked the Minister of Agriculture, Fisheries and Food what percentage adjustment is needed in the green pound to bring it into line with the prevailing value of the £ sterling compared with other EEC member countries' currencies.

Mr. Bishop

To bring the green pound into line with the market rate used for calculating monetary compensatory amounts would require a devaluation of 26.6 per cent.