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1012162
registered interest false more like this
date less than 2018-11-21more like thismore than 2018-11-21
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Gold and Foreign Exchange Reserves remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text 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. more like this
tabling member printed
Viscount Waverley more like this
uin HL11689 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-12-05more like thismore than 2018-12-05
answer text <p>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.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-12-05T16:48:15.057Zmore like thismore than 2018-12-05T16:48:15.057Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
1744
label Biography information for Viscount Waverley more like this
1012163
registered interest false more like this
date less than 2018-11-21more like thismore than 2018-11-21
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Gold and Foreign Exchange Reserves remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they have a role in deciding for which foreign governments and central banks the Bank of England should hold gold reserves; and if so, for which foreign governments and central banks the Bank of England holds gold reserves, and in what quantities. more like this
tabling member printed
Viscount Waverley more like this
uin HL11690 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-12-05more like thismore than 2018-12-05
answer text <p>HM Treasury does not have a role in deciding whether the Bank of England holds gold for foreign governments and central banks. HM Treasury is unable to substantiate whether the Bank of England holds gold for particular foreign governments and central banks as that is a matter for the Bank of England. The Bank of England does not share information on which foreign governments and central banks it holds gold reserves on behalf of or the value of that gold as this would contradict their customer confidentiality obligations.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-12-05T16:55:10.373Zmore like thismore than 2018-12-05T16:55:10.373Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
1744
label Biography information for Viscount Waverley more like this