Ministry of Defence: Gold and Foreign Exchange Reserves

(asked on 1st November 2016) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, pursuant to the Answer of 31 October 2016 to Question 49921, if he will place in the Library a copy of the forward purchase programme for foreign currency as at 1 November 2016.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 8th November 2016

Details of how the Ministry of Defence uses the services provided by the Bank of England as agent for HM Treasury's Exchange Equalisation Account cannot be released as its disclosure would prejudice commercial interests.

Further detail on the Exchange Equalisation Accounts 2015/16 can be found at the following link:

https://www.gov.uk/government/publications/exchange-equalisation-accounts-2015-to-2016

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