§ 36. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what proportion of the central reserves of the sterling area is currently held in dollars.
§ Mr. Maurice MacmillanI assume that my hon. Friend is referring to the official reserves of overseas sterling area countries. It is not known what proportion of these is held in dollars, but the proportion held in the form of non-sterling assets at end-December, 1970, was 57 per cent.