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Green Pound

Volume 127: debated on Friday 19 February 1988

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To ask the Minister of Agriculture, Fisheries and Food what was the average discrepancy between the value of the green pound and the real pound sterling for the years 1985, 1986 and 1987.

To ask the Minister of Agriculture, Fisheries and Food if he will list the average percentage difference between the value of the pound sterling and the green rate for the £ sterling for each six month period since January 1979.

The information is not available in the form requested and could only be obtained at disproportionate cost.Monetary compensatory amounts reflect the difference between sterling's market rate and green rates. The table shows the MCA percentages for beef and cereals during the first week in each six-month period since 1979 as well as the latest figures available:

Date (week commencing)MCA (percentage)
BeefCereals
1 January 1979-27·0-27·0
2 July 1979-6·0-17·6
7 January 1980-3·5-9·0
7 July 1980+1·7-1·0
5 January 1981+12·1+12·1
6 July 1981+12·3+12·3
4 January 1982+8·0+8·0
5 July 1982+9·6+9·6
3 January 1983+1·4+1·4
4 July 1983+5·2+5·2

Date (week commencing)

MCA (percentage)

Beef

Cereals

2 January 1984+7·6+7·6
2 July 1984+1·0+3·9
6 January 1985-1·9-1·9
1 July 1985+3·6+3·6
6 January 1986-3·5-3·5
7 July 1986-7·7-8·9
5 January 1987-18·4-26·3
1 July 1987-10·6-19·9
4 January 1988-8·4-17·5
15 February 1988-8·4-17·5