Code | DS/UK/198 |
Corporate Name | Exchange Equalisation Account |
Dates | 1932 - |
OtherFormsOfName | EEA |
Activity | The 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. |
Source | http://www.hm-treasury.gov.uk/ukecon_eea_index.htm |
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