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Coinage And Currency

Volume 979: debated on Tuesday 19 February 1980

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asked the Chancellor of the Exchequer whether, in view of the current rates of inflation and the fall in the value of money, he will conduct an inquiry into Great Britain's coins and notes.

[pursuant to his reply, 18 February 1980]: The currency was the subject of a very full inquiry in the context of the change to a decimal system and a further extensive enquiry is not justified at this time. The currency is, however, kept under review.

asked the Chancellor of the Exchequer whether, in view of the fall in the value of the £ sterling, he will arrange for the issue of coins to the value of 25 pence, 50 pence and £1.

[pursuant to his reply, 18 February 1980]: The Government have considered the possibility of issuing coins of the denominations of 25p and £1, but no decisions have been reached, and no early action is contemplated. A 50p coin has been in use since 1969.