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Exchange Rate Mechanism

Volume 164: debated on Thursday 21 December 1989

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To ask the Chancellor of the Exchequer what information he has on the next revaluation of the exchange rate mechanism; and whether he will be making representations to that revaluation meeting.

Any future realignment of the currencies in the exchange rate mechanism will take place in accordance with the resolution of the European Council of 5 December 1978 on the establishment of the European monetary system and related matters.