Dáil Éireann Debate, Wednesday - 23 November 2022
66. Deputy Rose Conway-Walsh asked the Minister for Finance if he has plans to move the National Fund Reserve from National Treasury Management Agency Exchequer notes where it accrues no interest, given the change in interest rate environment; and if he will make a statement on the matter. [58319/22]
View answerThe investment objective of the National Reserve Fund is to preserve, to the extent possible, the full nominal value of the fund having regard to the credit rating of the financial institution or issuer of the investments. The NTMA has informed me that in line with that objective, the Fund is currently invested in Exchequer notes at commercial rates. Irish Exchequer Notes are currently the asset that best fits with the risk appetite and liquidity needs of the Fund. This portfolio has a positive return.
