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Green Pound

Volume 927: debated on Friday 11 March 1977

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asked the Minister of Agriculture, Fisheries and Food what percentage adjustment is needed in the green pound to bring it into line with the prevailing value of the £ sterling compared with other EEC member countries' currencies.

To bring the green pound into line with the market rate used for calculating monetary compensatory amounts would require a devaluation of 26·6 per cent.