Entry from British & World English dictionary
The exchange rate for the pound applied to payments for agricultural produce in the EU.
- It's a major factor, through its impact on the green pound, in the crisis gripping our farming industry.
- If anyone still cares, or indeed cared then beyond the farmers it affected, the green pound was the exchange rate at which European Union farm subsidies set in Brussels were converted to sterling.
- Between July 1992 and July 1994 the green pound increased in value by a quarter, strengthening the floor under market prices and increasing the effective value of compensation aids from Brussels.
For editors and proofreaders
Line breaks: green pound
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.