Dáil Éireann Debate, Tuesday - 4 December 2018
138. Deputy Pearse Doherty asked the Minister for Finance the location of Ireland’s gold reserves; his plans to move these reserves onto the island of Ireland in the event of Brexit; and if he will make a statement on the matter. [50147/18]
View answerIreland’s gold reserves are held at the Bank of England. In accordance with Article 127(2) of the Treaty on the Functioning of the European Union and Article 3.1 of the Statute of the European System of Central Banks (ESCB) and of the European Central Bank (ECB), it is an ESCB task to hold and manage the official foreign reserves of the EU Member States (which includes gold). The Central Bank of Ireland is a member of the ESCB and so it is for the Central Bank to determine how Ireland’s gold reserves are managed. The Central Bank’s portfolio is managed in line with approved parameters, which are kept under regular review. The Central Bank reports on key activities and developments in its Annual Report. The Annual Reports are available here: https://www.centralbank.ie/publication/corporate-reports/annual-reports
