Debates of the House of Representatives, Central Bank (Amendment) Bill [Dr. the Rt. Hon. E. E. Williams]
| Title: | Debates of the House of Representatives, Central Bank (Amendment) Bill [Dr. the Rt. Hon. E. E. Williams]. Wednesday, November 22, 1967 |
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| Author | Williams, Eric Eustace, |
| Abstract: | The Prime Minister and Minister of Finance, Planning and Development (Dr. the Rt. Hon. E. E. Williams): Mr. Speaker, I beg to move, That a Bill to amend the Central Bank Act, be now read a Second time. On November 18th, 1967, the United Kingdom devalued the pound (£) by 14.3 per cent. The new par value is: £1 sterling equals $2.40 U.S. as compared with £1 sterling equals $2.80 U.S. which was the rate before Saturday last. The United Kingdom has introduced this measure, along with other policies, in order to assist in removing a fundamental disequilibrium in her balance of payments and to accelerate her rate of economic growth. |
| Media Type : | Publication |
| Collection Series: |
Dr. Eric E. Williams Speeches |
| Holding Location: | Ministry of Planning and Development, Library Services Division. |
| Publication Date: | 1967 |
| Place of Publication: | Republic of Trinidad and Tobago |
| Page Count: | 11 pages |
| VIEW COLLECTION : |  |
