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Dáil Éireann díospóireacht -
Wednesday, 30 Jun 1971

Vol. 255 No. 2

Ceisteanna—Questions. Oral Answers. - Commercial Bank Assets.

10.

asked the Minister for Finance the total amount of commercial bank assets held at present in Great Britain; how they are invested; and the rates of interest payable on them.

As a result of the centralisation of our external reserves in the Central Bank which was completed last year, the commercial banks now carry only working balances in Britain which are of negligible proportions.

Can the Minister state if they are obliged to keep their assets here?

Yes, in the Central Bank.

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