Written answers

Thursday, 18 July 2013

Department of Finance

Central Bank of Ireland Issues

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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77. To ask the Minister for Finance if the Central Bank of Ireland still operates a vault; the contents in that vault; if the Central Bank of Ireland leases space in its vault to commercial operators; if the Central Bank of Ireland's gold holdings are held there; the current value of the Central Bank of Ireland's holdings of gold; and if he will make a statement on the matter. [35994/13]

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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80. To ask the Minister for Finance if the new headquarters of the Central Bank of Ireland in the docklands include vaults; and if he will make a statement on the matter. [35997/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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I propose to take Questions Nos. 77 and 80 together.

The operation and maintenance of secure vaults is a matter for the Central Bank. For security reasons the Central Bank does not provide any details regarding the content or location of vaults. Gold receivables and gold for coin stocks are held by the Central Bank of Ireland; gold bars are held on behalf of the Central Bank of Ireland at the Bank of England. As at end May 2013, the value of gold and gold receivable assets of the Central Bank of Ireland was €242m. The Central Bank publishes the value of its gold and gold reserves in its annual report.

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