Gold and Foreign Exchange Reserves
(asked on 9th November 2021) - View Source
Question to the HM Treasury:
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.
This question was answered on 17th November 2021
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.