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Germany (Revaluation Of Deutschmark)

Volume 641: debated on Friday 5 May 1961

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asked the Secretary of State for War to what extent Service men serving in Germany have been affected by the revaluation of the deutschmark; and what steps have been taken by his Department to offset any adverse differences in pay and allowances this may have caused.

The revaluation of the deutschmark has made purchases on the German market about 5 per cent. dearer for servicemen. But most of them spend a proportion of their pay with N.A.A.F.I. and N.A.A.F.I. have made arrangements which reduce their prices by 3½ per cent. Money spent in the United Kingdom is not affected by the revaluation. Adjustment of local overseas allowances is being considered.