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CodeDS/UK/198
Corporate NameExchange Equalisation Account
Dates1932 -
OtherFormsOfNameEEA
ActivityThe Exchange Equalisation Account (EEA) holds the UK's reserves of gold, foreign currencies and International Monetary Fund (IMF) Special Drawing Rights (SDRs). It was established in 1932 to provide a fund which could be used to check 'undue fluctuations in the exchange value of sterling'. The EEA is a Treasury account but is managed by the Bank of England.
Sourcehttp://www.hm-treasury.gov.uk/ukecon_eea_index.htm

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