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Exchange Rates

Volume 300: debated on Thursday 13 November 1997

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To ask the Chancellor of the Exchequer what measurements of currency of invoice he makes in assessing the short-run impact of exchange rates changes on the economy; and if he will publish the data for the last five years. [15457]

[holding answer 11 November 1997]: Publication of regular data on currency of invoice ceased in 1988. Data for 1984–88 were provided to the hon. Member on 4 November 1997, Official Report, columns 101-02 in response to previous questions and the available evidence suggests that use of foreign currency is fairly stable over time.These data are used to inform the Treasury's assessment of the short-run impact of exchange rate changes on the economy.