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Departmental Data

Dáil Éireann Debate, Tuesday - 26 April 2022

Tuesday, 26 April 2022

Questions (497)

Carol Nolan

Question:

497. Deputy Carol Nolan asked the Minister for Finance the amount of gold reserves held in Ireland from quarter one 2011 and quarter one 2022, in tabular form; and if he will make a statement on the matter. [20053/22]

View answer

Written answers

The official numbers available on the level of gold reserves held in Ireland relate to the amount of gold reserves held by the Central Bank of Ireland. These are as follows;

Quarter

Q1 2011

Q1 2012

Q1 2013

Q1 2014

Q1 2015

Q1 2016

Q1 2017

Q1 2018

Q1 2019

Q1 2020

Q1 2021

Q1 2022

Amount   (metric tonnes)

      6

 6

  6

6

6

  6

  6

  6

  6

  6

     6

  12

The Central Bank increased its holdings of physical gold during 2021 and early 2022 as part of the diversified longer-term investment strategy for the discretionary investment assets, aimed at improving balance sheet resilience. Stocks of gold are primarily in the form of gold bars but also include a small amount of gold coin.

The full range of investment assets held by the Bank is published in its annual report. The Annual Reports are available on the Central Bank website here: www.centralbank.ie/publication/corporate-reports/annual-reports

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