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Gold and Foreign Exchange Reserves

Cabinet Office written question – answered on 15th May 2019.

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Photo of Jeremy Lefroy Jeremy Lefroy Conservative, Stafford

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.

Photo of David Lidington David Lidington Chancellor of the Duchy of Lancaster, Minister of State (Cabinet Office)

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.

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