green pound การใช้

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.