HC Deb 19 October 1992 vol 212 c179W
Ms. Harman

To ask the Chancellor of the Exchequer what was the level of the currency reserves on(a) 14 September and (b) 18 September.

Mr. Allen

To ask the Chancellor of the Exchequer what was the level of currency reserves on(a) 14 September and (b) 16 September.

Mr. Winnick

To ask the Chancellor of the Exchequer how much was in the foreign reserves on 14, 15, 16 and 17 September.

Mr. Nelson

The level of the United Kingdom's foreign exchange reserves at the end of each month are published on the second working day of the next month. The level at the end of September was published on Friday 2 October. There are no plans to publish these figures more frequently.

Mr. Allen

To ask the Chancellor of the Exchequer who audits the use of foreign exchange reserves; and when they will report on the use of the funds during the period 14 to 16 September.

Mr. Nelson

Transactions affecting the United Kingdom foreign exchange reserves are made through the exchange equalisation account. The EEA is audited by the National Audit Office. The account is not published but is certified each year by the Comptroller and Auditor General, when the accounts of the Consolidated Fund and the National Loan Fund are published.

Mr. Austin Mitchell

To ask the Chancellor of the Exchequer if he will give the gain/loss from the reserves for each month from April and the total up to and including 16 September.

Mr. Nelson

The overall change in the level of the United Kingdom foreign exchange reserves at the end of each month between April and September 1992 is given in the table:

1992 $ millions
April +748
May +29
June -104
July +50
August -1,300
September -1,773

There are no plans to publish these figures more frequently.

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