Alan Shatter (Dublin South, Fine Gael) | Oireachtas source

This is a technical drafting amendment consequent on amendment No. 133 regarding debts in other currencies. Amendment No. 133 proposes to insert a new section in Chapter 6 which sets out how debts in other currencies are to be dealt with in the context of the provisions of the Bill. There are specific references to a foreign currency in section 68(3) and section 104(2). However, I am advised it would be more appropriate to delete these references to provide for a general currency conversion provision applicable to the three new debt resolution processes instead. That is what amendment No. 133 proposes to do.