Dáil Éireann Debate, Wednesday - 31 May 2023
44. Deputy Catherine Murphy asked the Minister for Finance the tonnage and value of gold held in reserve by the Central Bank as of month end in May 2023; if he will identify the sources and/or origin of the gold held in current reserve; the date on which the Central Bank disposed of gold and value and weight disposed of; and the state and/or body that received it. [26442/23]
View answerThe Central Bank holds 12.02 tonnes of physical gold. The asset class is revalued at market prices by the Bank on a quarterly basis and this holding had a market value of €703.94m at the end of Q1 2023. Transactions for gold, as for all the Bank’s investment assets, are conducted on the capital markets with investment banks that are approved as investment counterparts by the Central Bank Commission. There have been no disposals of gold in in recent years.
Gold is held as part of the diversified longer-term investment strategy for the discretionary investment assets, aimed at improving balance sheet resilience. The full range of investment assets held by the Bank is published in its Annual Report available at the link below.
www.centralbank.ie/docs/default-source/publications/corporate-reports/annual-reports/annual-report-2022-and-annual-performance-statement-2022-2023.pdf?sfvrsn=e4039e1d_4.
