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Written question asked by Vincent Cable (Liberal Democrat) on Tuesday, 10 November 1998, in the House of Commons. It was due for an answer on Monday, 16 November 1998. It was answered by Patricia Hewitt (Labour) on Monday, 16 November 1998 on behalf of the Treasury.


Treasury

Question
To ask Mr Chancellor of the Exchequer, what proportion of Government debt is denominated in euros; and what estimate he has made of how this will change in the next three years. -Inc figs.
Answer

Dr. Cable: To ask the Chancellor of the Exchequer what proportion of Government debt is denominated in euros; and what estimate he has made of how this will change in the next three years. [59521] Ms Hewitt: At the end of March 1998, 0.1 per cent. of central government gross debt was denominated in Euro. There was also 1.6 per cent. of ecu debt. Ecu debt will automatically be re-denominated into Euro at the start of 1999.


Secondary information

Type
Written question
Reference
319 c361W; 59521
Session
1997-98
Subjects
Economic and monetary union Euro European currency unit Public sector debt Sterling
Contains statistics
Yes