Written question asked by Viscount Waverley (Crossbench) on Wednesday, 21 November 2018, in the House of Lords. It was due for an answer on Wednesday, 5 December 2018. It was answered by Lord Bates (Conservative) on Wednesday, 5 December 2018 on behalf of the Treasury.
Gold and Foreign Exchange Reserves
- Question
-
To ask Her Majesty's Government what assessment they have made of (1) the benefits to the UK of holding gold reserves for other central banks, and (2) the value of gold held by the Bank of England for other central banks.
- Answer
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HM Treasury is unable to substantiate whether the Bank of England holds gold for other central banks as that is a matter for the Bank of England. HM Treasury has not made an assessment of the benefits to the UK of the Bank of England holding gold reserves for other central banks. Holding gold reserves on behalf of any foreign central bank is a matter for the Bank of England. The Bank of England does not share information on which central banks it holds gold reserves on behalf of or the value of that gold as this would contradict their customer confidentiality obligations.
Secondary information
- Type
- Written question
- Reference
- HL11689
- Session
- 2017-19
- Subjects
- Bank of England Central banks Gold and foreign exchange reserves
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2018-12-05 17:27:13 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL11689
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL11689
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL11689