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Exchange Rate Mechanism

Volume 176: debated on Wednesday 18 July 1990

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To ask the Prime Minister whether Her Majesty's Government will publish a White Paper making an economic assessment of the effect of joining the ERM of the European monetary system at the current rate of exchange.

Her Majesty's Government have no plans to publish such a White Paper. Participation in the exchange rate mechanism will help to reinforce counter-inflationary policy.