§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what has been the total value of applications to purchase foreign currency at the official sterling exchange rate between the date of the Chancellor's recent announcement of the relaxation of exchange controls and the latest available date.
§ Mr LawsonUnder the exchange control arrangements in force up to midnight on 23 October most transactions involving the purchase of foreign currency in the official foreign exchange market were approved by authorised banks or other authorised bodies—such as travel agents. Information on the total value of such applications is not available. With effect from 24 October applications have only360W been necessary if a payment to a resident of Rhodesia is involved.