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United Kingdom · Question · Written question

UIN 49921

Ministry of Defence: Gold and Foreign Exchange Reserves

answeredUnited Kingdom· UK Parliament· EN

Introduced

24 October 2016

Last action

31 October 2016 · Answer

Status

Answered

Sponsors

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Subjects

Defence

Source updated

31 October 2016

Defence

Summary

To ask the Secretary of State for Defence, whether his Department holds any foreign currency reserves.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 October 2016

    Written question

    To ask the Secretary of State for Defence, whether his Department holds any foreign currency reserves.

    Source: Commons

  2. 31 October 2016

    Answer

    The Ministry of Defence has a forward purchase programme for foreign currency, using services provided by the Bank of England as agent for HM Treasury's Exchange Equalisation Account. This provides the Department with a degree of price stability that is c...

    Source: Written answer

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