green pound in a sentence
- The introduction of the euro in 1999 also ended the use of green exchange rates such as the green pound.
- Between 1992 and 1995 the green pound was devalued by over 20 %, raising Common Agricultural Policy prices by over 27 %.
- The green pound ended with the introduction of the euro in 1999, since when all payments have been based on the euro exchange rate.
- Some economists argue it is designed to prevent a revaluation of the " green pound rate, " which would reduce the level of EU subsidies paid to Irish farmers.
- By this time the then European Economic Community ( now the European Community )'s Common Agricultural Policy and the value of the green pound was having a direct impact on farming.
- It's difficult to find green pound in a sentence.
- In February 1989 Sir Simon Gourlay, President of the NFU, attacked the Thatcher government for maintaining the level of the green pound while sterling fell, a call he repeated a year later.
- Instead, they continued to use a form of fixed exchange rates for agricultural support, resulting in the so-called'agricultural conversion rates'or'green exchange rates', including the green pound after the United Kingdom's accession to the EEC on 1 January 1973.
- Between November 1996 and May 1998 the value of the green pound increased by nearly 20 % as it was revalued five times as sterling strengthened, with the Bank of England observing that this had caused'severe problems'in the agricultural sector.
- On January 23, 1978, following a campaign by the Callaghan Government was defeated in a vote in the House of Commons when a Conservative amendment to devalue the green pound by 7.5 %, rather than the 5 % devaluation proposed by the Government, was passed with the support of other opposition parties and some Labour backbenchers.