3 Mr. Rabbitte asked the Minister for Finance the extent to which foreign reserves held by the Central Bank were depleted as a result of efforts to defend the Irish pound; the information available to him regarding the likely impact of the devaluation of the pound on inflation; his views on whether speculation by Irish companies contributed to devaluation; the action, if any, he has taken regarding the list of firms, allegedly involved in speculation, supplied to him by ICTU, if his attention has been drawn to the recent comments made by the Governor of the Central Bank in which he spoke of the damage caused by currency speculation and called for some curb on speculation whether by way of taxation or some other means; the views, if any, he has on these comments; if he intends to initiate any measures in this country or make any proposals for EC action; and if he will make a statement on the matter.

Summary

3 Mr. Rabbitte asked the Minister for Finance the extent to which foreign reserves held by the Central Bank were depleted as a result of efforts to defend the Irish pound; the information available to him regarding the likely impact of the devaluation of the pound on inflation; his views on whether speculation by Irish companies contributed to devaluation; the action, if any, he has taken regarding the list of firms, allegedly involved in speculation, supplied to him by ICTU, if his attention has been drawn to the recent comments made by the Governor of the Central Bank in which he spoke of the damage caused by currency speculation and called for some curb on speculation whether by way of taxation or some other means; the views, if any, he has on these comments; if he intends to initiate any measures in this country or make any proposals for EC action; and if he will make a statement on the matter.

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• Ceisteanna— Questions. Oral Answers. - Currency Crisis.

  xml · EN · 11 February 1993

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