Korea: Reserve Tranche Position
as of December 31, 1998

In exchange for the reserve asset portion of its quota payment, an IMF member acquires a liquid claim on the IMF—much like a demand deposit in a commercial bank. This claim is called the member’s Reserve Tranche Position, and it is equal to the member’s quota minus the IMF’s holdings of the member’s currency (excluding currency holdings that stem from the member’s own use of credit). The reserve tranche position is part of the member country’s external reserves.


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(in SDRs)

Date SDR Amount
  December 31, 1998         59,407
  December 31, 1997         443,720,263
  December 31, 1996         474,295,335
  December 31, 1995         438,493,589
  December 31, 1994         363,607,848
  December 31, 1993         339,166,945
  December 31, 1992         319,047,274
  December 31, 1991         255,351,204
  December 31, 1990         224,513,567
  December 31, 1989         178,194,483
  December 31, 1988         675,793
  December 31, 1987         675,793
  December 31, 1986         675,793
  December 31, 1985         675,793
  December 31, 1984         0

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.
Korea: Financial Position in the Fund