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1367364

registered interest
date	09/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of whether the assets of the Exchange Equalisation Account are in excess of what is required after the issue of IMF Special Drawing Rights in 2021.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	72365
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The reserves have a clearly defined function as set out in the Exchange Equalisation Account (EEA) Act 1979. The purpose of the reserves includes managing undue fluctuations in the exchange rate, providing foreign exchange services for government departments and to meet the UK’s financial commitment to the IMF. The reserves are available to be able to meet any potential calls as set out in the legislation and are held on a precautionary basis in the event of any unexpected shocks.</p><p> </p><p>The government considers the current size of the reserves to be appropriate for meeting the above objectives.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 09:27:01 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne

1367366

registered interest
date	09/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, in the context of the termination of the 12 year programme to increase assets in the Exchange Equalisation Account, whether the financing provided via the National Loans Fund increased Net Public Sector Debt in the year funds were transferred.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	72366
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The additional financing programme of the Official Reserves, which ended in 2019-20, increased both the government’s liquid assets and its liabilities from gilt issuance equally at the point of issuance. Therefore, it had no net impact on public sector net debt.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 09:30:18 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne

1367372

registered interest
date	09/11/2021
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of a transfer of excess reserves from the Exchange Equalisation Account to the National Loans Fund on public sector debt.
tabling member constituency	Birmingham, Hodge Hill
tabling member printed	Liam Byrne
uin	72367
answer	answer is ministerial correction date of answer 17/11/2021 answer text <p>The Government considers the current size of the reserves to be appropriate for meeting the objectives outlined in the Exchange Equalisation Account (EEA) Act 1979. Therefore, there has been no assessment made of the potential effect of a transfer of so-called excess reserves from the EEA to the National Loans Fund on public sector debt.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/11/2021 09:28:51 answering member 4051 label Biography information for John Glen
tabling member	1171 label Biography information for Liam Byrne

1127514

registered interest
date	20/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the UK’s official reserves are of (a) gold, (b) foreign currency and (c) other assets as at 31 March 2019.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	256257
answer	answer is ministerial correction date of answer 23/05/2019 answer text <p>As at end March 2019, the market value of the UK’s official reserves was $169.5 billion. This comprised of (a) $12.9 billion gold, (b) $129.5 billion foreign currency reserves and (c) $27.1 billion other assets.</p><p> </p> answering member constituency Salisbury answering member printed John Glen question first answered 23/05/2019 12:50:43 answering member 4051 label Biography information for John Glen
tabling member	4109 label Biography information for Jeremy Lefroy

942622

registered interest
date	16/07/2018
answering body	Cabinet Office
answering dept id	53
answering dept short name	Cabinet Office
answering dept sort name	Cabinet Office
hansard heading	Gold and Foreign Exchange Reserves
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Minister for the Cabinet Office, what the gold reserves of the Bank of England were on 30 June (a) 1998, (b) 2008 and (c) 2018.
tabling member constituency	Stafford
tabling member printed	Jeremy Lefroy
uin	164422
answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>The Bank of England does not own any gold reserves of its own, except for two bars held for display at the Bank of England Museum. However, the Bank provides safe custody for the UK's gold reserves and for other customers. It has only started recently publishing the weight of all the gold in its custody on its website, which includes data back to 2011. On 30 June 2018, it held 166,516,000 fine troy ounces of gold. There is no equivalent data available for 1998 and 2008.</p> answering member constituency Aylesbury answering member printed Mr David Lidington question first answered 15/05/2019 17:33:50 answering member 15 label Biography information for Sir David Lidington
tabling member	4109 label Biography information for Jeremy Lefroy