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Devaluation of green pound

Language: English Series: Financial Times ; 17 November 1992, 30(1)Publication details: 1992Subject(s): Summary: The `green pound` has been devalued by 7.5% to close the monetary gap between the real and the green pound, which widened to 14.4% following the flotation of sterling.

The `green pound` has been devalued by 7.5% to close the monetary gap between the real and the green pound, which widened to 14.4% following the flotation of sterling.