Punts revaluation knocks Irish profit

27 March 1998

Punts revaluation knocks Irish profit

IRISH farmers are angered by the 3% revaluation of the Irish pound, which they say will add the same amount to export costs. The new rate, which prepares the economy for the single currency, will be locked in when Ireland joins EMU. The move will permanently damage milk and meat exports, says the Irish Creamery Milk Suppliers Association. &#42