§ Mr. MitchellTo ask the Chancellor of the Exchequer if the system for allowing United Kingdom transactions to be made in euros will also allow payments in other European currencies. [15917]
§ Mrs. LiddellThe banking sector has decided to put in place the necessary parallel infrastructure to handle euro transactions from 1 January 1999, for the financial markets, businesses and individuals. The infrastructure will not have the capability to allow transactions in other European foreign currencies.