Trade Relations After Sterling Break
The Minister said the new exchange arrangements had caused transitional adjustments but no significant problems in trade or other relations with Britain, and that firms and individuals were generally adapting.
asked the Minister for Finance if he is satisfied that no problems have been created in trade and other relations with Britain consequent on the break with sterling and if he will make a statement on the matter.
Comment on this
I am satisfied that no significant problems have been created in trade and other relations with Britain as a result of the fluctuation in the rate of exchange between the Irish pound and the pound sterling. The new exchange rate arrangements have, of course, involved a major change in the longstanding currency relationship that existed between the two countries and it was only to be expected that they would involve transitional adjustments for business and other sections of the community. However, in general, firms and individuals seem to be adjusting to the new situation.
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