Italy: Reserve Tranche Position
from January 01, 1997 to December 31, 1997

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, 1997         1,660,683,118
 November 30, 1997         1,405,308,118
 October 31, 1997         1,283,836,118
 September 30, 1997         1,283,836,118
 August 31, 1997         1,263,819,160
 July 31, 1997         1,233,819,160
 June 30, 1997         1,222,819,160
 May 31, 1997         1,228,069,160
 April 30, 1997         1,230,076,544
 March 31, 1997         1,231,370,294
 February 28, 1997         1,252,370,295
 January 31, 1997         1,254,870,288

Disclaimer
The information provided is for your convenience and is not intended to replace other official IMF reports and statements.

Italy: Financial Position in the Fund