Oral Answers to Questions — Colonial Empire – in the House of Commons at on 1 March 1944.
asked the Secretary of State for the Colonies whether be will appoint a committee to inquire into the desirability of having one common currency for Great Britain and her Colonies.
The existing arrangements provide fully for the prompt and easy inter-controvertibility of United Kingdom and Colonial currencies. There would be very serious practical difficulties in the introduction of a common unit of currency. In these circumstances no useful purpose would be served by the appointment of such a committee.
Have the countries and the Colonies concerned been asked their views on this matter?
No, Sir. I do not think the Colonies have been asked. There has been no demand in any of the Colonies, either from the public or from the Governments.
Has not the time come to have one cosmic currency, a currency for the world?