§ Mr. MealeTo ask the Chancellor of the Exchequer on how many occasions there have been major currency realignments within the exchange rate mechanism of the European monetary system; and if he will give the relevant dates and adjustments.
§ Mr. LilleyThere have been 11 realignments of the currencies in the exchange rate mechanism of the European monetary system since its inception in 1979. Details are set out in the Commission booklet, "The EMS: Ten Years of Progress in European Monetary Co-operation", a copy of which is available in the Library of the House.