Letter from Stephen Wall which records the telephone conversation that took place between John Major and Albert Reynolds on 23 November 1992. Major and Reynolds discussed devaluation and the Irish elections.
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24 November 1992
Dear Richard,
TELEPHONE CONVERSATION BETWEEN THE PRIME MINISTER
AND THE PRIME MINISTER OF THE REPUBLIC OF IRELAND
The Prime Minister telephoned Mr Reynolds yesterday in the immediate aftermath of the currency realignment at the weekend. In reply to the Prime Minister's question, Mr Reynolds said that he could obviously not have a devaluation in advance of the election though he implied that he had been hoping that Denmark would go for a devaluation and that Ireland could then follow in her wake.
Talking about the election campaign, Mr Reynolds said that a lot of people remained undecided. The Prime Minister had brought off a great success in the last few days and he hoped to do the same.
I am copying this letter to Jeremy Heywood (HM Treasury), William Fittall (Northern Ireland Office) and Melanie Leech (Cabinet Office).
Yours,
J. S. WALL
Richard Gozney Esq
Foreign and Commonwealth Office