The Bank of England's Foreign Currency Reserves
As part of the monetary policy framework introduced by the Chancellor of the Exchequer in 1997, the Bank of England holds its own foreign exchange reserves in support of its monetary policy objective. These reserves are separate from the Government's own foreign exchange reserves, which the Bank manages as the Treasury's agent.
On 15 December 2006 the Bank of England announced that its foreign exchange reserves will be financed by issuing medium-term securities on an annual basis, with a regular timetable, a high degree of transparency and a group of banks to market and distribute each issue.
See programme documentation below.
Key Resources
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Prospectus
Download PDF (3.3Mb) |
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Trust Deed Download PDF (5.5Mb) |
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Issuing and Paying Agency Agreement Download PDF (2.3Mb) |
