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69.
Mr. McAdden
asked the Chancellor of the Exchequer what is the present rate of exchange for the transfer of funds from Indonesia to this country.
Mr. J. Edwards
The official rate is 10.64 rupiahs to the pound. To this must be added the cost of the exchange certificate which must be obtained by anyone who wishes to buy foreign exchange. These exchange certificates are at present sold at about 200 per cent. of their face value; a certificate for 10.64 rupiahs accordingly costs about 21.28 rupiahs. The effective rate of exchange with sterling is therefore about 32 rupiahs to the pound.