Skip to main content

Egyptian Sterling Balances

Volume 498: debated on Wednesday 9 April 1952

The text on this page has been created from Hansard archive content, it may contain typographical errors.


asked the Chancellor of the Exchequer the reason for the Government's decision to release £10 million from the Egyptian sterling balances in this country.

Her Majesty's Government are committed to release this sum during the calendar year 1952 under Article 3 (2) of the Anglo-Egyptian Sterling Releases Agreement of July, 1951. They decided to make the release now as a gesture of good will towards the present Egyptian Government, who have made further representations about Egypt's serious lack of sterling.