Selected Decisions and Selected Documents of the IMF, Fortieth Issue -- Balances Held in Administrative Account

Prepared by the Legal Department of the IMF
As updated as of April 30, 2019

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Calculation of Reserve Tranche: Exclusion of Purchases and Holdings


The balances held in the administrative accounts of the Fund, to the extent that they are not in excess of 0.1 percent of a member’s quota, shall not be considered as part of the Fund’s holdings of a member’s currency for the purpose of determining a member’s reserve tranche position in the Fund and for the calculation of holdings for the purposes of charges (Article V, Section 8(b) (ii)); remuneration (Article V, Section 9(a)); and the determination of a member’s entitlement to appoint an Executive Director (Article XII, Section 3(c)). (SM/82/18, 1/26/82)

Decision No. 7060-(82/23),

February 22, 1982

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