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Exchange Rate (Budget Calculations)

Volume 76: debated on Monday 1 April 1985

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asked the Minister of Agriculture, Fisheries and Food whether he will publish in the Official Report the rate of exchange for the dollar against the European currency unit assumed in the 1983 and 1984 budgets, together with the actual rates in those years; and what is the assumed rate for the current year in the current budget.

The Commission's assumptions on the rate of exchange for the 1983 budget are not available, but the 1984 budget was based on a rate of $1 = 1·1 ecu. The actual rates in those years were $1 = 1·1 ecu and $1 = 1·3 ecu respectively. The 1985 budget has not yet been adopted.