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  4. Terms Beginning With E
  5. Exchange Equalization Account

Exchange Equalization Account

Definition of 'Exchange Equalization Account'

A UK government account at the Bank of England, where the countrys foreign exchange and gold reserves are held. The amounts held in this bank are used to influence foreign exchange markets.

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Related Terms

Exchange Equalisation AccountCurrent AccountPure Floating Exchange RateAccount PayeeAccount Payee OnlyAMPSAppropriation AccountCMADirect DebitMargin AccountMargin AgreementNostro AccountWire TransferAccountAccepting HouseAdjustable PegCurrency SwapExchange RatesSEAQSETS

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