Written question asked by David Reed (Conservative) on Tuesday, 1 September 2026, in the House of Commons. It was due for an answer on Thursday, 3 September 2026. It was answered by Torsten Bell (Labour) on Tuesday, 8 September 2026 on behalf of the Treasury.
Gold and Foreign Exchange Reserves
- Question
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To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of a sustained depreciation in the US dollar on the value and resilience of the UK’s official reserves.
- Answer
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The Government does not comment on market movements. The UK’s official reserves are held in the Exchange Equalisation Account (EEA) and managed to ensure that the policy objectives set out in the EEA Act 1979 can be met at all times.
HM Treasury and the Bank of England agree the EEA’s strategic asset allocation annually. In doing so, the liquidity, credit and market risk of the reserves is managed in line with the EEA’s investment principles: readiness, risk tolerance and, subject to these, optimising risk-adjusted return. Reserve composition decisions reflect these principles.
Information on the size and composition of the reserves is published monthly.
Secondary information
- Type
- Written question
- Reference
- 26439
- Session
- 2026-27
- Grouped for answer
- Yes
- Subjects
- Dollar Gold and foreign exchange reserves
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-09-08 11:02:43 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/26439
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/26439
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/26439