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Albania (Gold Reserves)

Volume 979: debated on Tuesday 19 February 1980

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asked the Lord Privy Seal what is the current value of the Albanian gold reserves which were impounded by the Bank of England at the end of the last war; and in what circumstances this Government will agree to the returning of these reserves to Albania.

There are no such reserves. The Bank of England holds, for the tripartite commission for the restitution of monetary gold, some gold formerly belonging to the pre-war Bank of Albania. There are several claims to this gold and its return does not depend on the British Government alone.