Abstract

983. United Kingdom official holdings of international reserves are owned by Her Majesty’s Treasury (HMT) and comprise gold, foreign currency assets, International Monetary Fund (IMF) Special Drawing Rights (SDRs), and the U.K.’s Reserve Tranche Position (RTP) at the IMF. With the exception of the RTP, these reserves are held in the Exchange Equalization Account (EEA). The Bank of England manages the reserves as agent for HMT, as well as providing advice on reserves management issues, including liability management.