Italy: Reserve Tranche Position
from January 01, 1999 to December 31, 1999

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, 1999         2,583,577,785
 November 30, 1999         2,546,942,625
 October 31, 1999         2,576,705,125
 September 30, 1999         2,604,467,624
 August 31, 1999         2,733,643,250
 July 31, 1999         2,733,643,250
 June 30, 1999         2,908,197,964
 May 31, 1999         2,929,283,947
 April 30, 1999         2,956,506,247
 March 31, 1999         2,881,506,246
 February 28, 1999         2,123,107,808
 January 31, 1999         2,818,107,808

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