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Dollar Reserves

Volume 441: debated on Tuesday 29 July 1947

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asked the Chancellor of the Exchequer to what extent the drain on our dollar reserves has increased since 15th July.

There has been no substantial change in the drain during the fortnight since 15th July compared with the immediately preceding period. Arrangements with a number of countries for the transferability of sterling were, of course, in operation before 15th July.