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1012545
registered interest false more like this
date less than 2018-11-22more like thismore than 2018-11-22
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Gold and Foreign Exchange Reserves: Venezuela more like this
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government whether they will consider a moratorium on any repatriation of gold held by the Bank of England to the government or Central Bank of Venezuela until such time as they are satisfied that any repatriation meets the best interests of the people of that country. more like this
tabling member printed
Viscount Waverley more like this
uin HL11737 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-12-06more like thismore than 2018-12-06
answer text <p>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. Repatriation of any gold held at the Bank of England is ultimately a matter for the Bank of England. HM Treasury only has direct control over Government holdings of gold within its official reserves, which are held at the Bank of England.</p><p>The UK fully implements UN, EU and UK domestic sanctions law. The EU sanctions regime on Venezuela, introduced in November 2017, includes targeted asset freezes applied to a number of senior Government officials in the Maduro regime.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-12-06T17:43:17.017Zmore like thismore than 2018-12-06T17:43:17.017Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
1744
label Biography information for Viscount Waverley more like this