Written answers

Friday, 16 September 2016

Department of Finance

Central Bank of Ireland

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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316. To ask the Minister for Finance the value and weight of Ireland's gold reserves; if this gold is present here at all times; and if he will make a statement on the matter. [26003/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Central Bank publishes the value of its gold and gold receivables in its annual report. The Central Bank Annual Report 2015 states the value of gold and gold receivables to be €188,167,000 as at 31 December 2015. The Annual Report also notes that gold and gold receivables consist of coin stocks held in the Central Bank of Ireland; gold bars are held on behalf of the Central Bank of Ireland at the Bank of England. The operation and maintenance of any secure vaults is a matter for the Central Bank of Ireland. For security reasons the Central Bank of Ireland does not provide any details regarding the content or location of vaults.

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