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Sterling Balances (Basle Facility)

Volume 957: debated on Monday 6 November 1978

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asked the Chancellor of the Exchequer, further to his Written Answer on Sterling Balances and the Basle Facility, Official Report, 10th February 1977, columns 811–12, if he will now give details of the amounts, currencies and purchasers of the foreign currency bonds issued by Her Majesty's Government to official holders of sterling; and if he will make a statement.

$ billion
SourceBorrowing since 1st March 1974Outstanding on 31st October 1978
IMF drawings5·43·4*
Her Majesty's Government Eurodollar loans4·04·0
Public sector borrowing11·112·5
Long-term debts3·9
20·523·8
* Includes $0·9 billion of repayments, the effect of which will be to reconstitute the United Kingdom's reserve position in the IMF. This will count as an offsetting increase in the United Kingdom official reserves.