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Green Pound

Volume 974: debated on Thursday 29 November 1979

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49.

asked the Minister of Agriculture, Fisheries and Food what is the current differential between the market rate of the £ sterling and the green pound.

The current difference between the rate of the green pound and the market rate of sterling used for MCA purposes is 10·5 per cent., giving an applied MCA percentage of 9·0 per cent.