Italy: Reserve Tranche Position
from January 01, 2002 to December 31, 2002

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, 2002         2,874,116,090
 November 30, 2002         2,729,208,257
 October 31, 2002         2,788,208,256
 September 30, 2002         2,811,665,881
 August 31, 2002         2,835,221,644
 July 31, 2002         2,830,609,645
 June 30, 2002         2,850,837,644
 May 31, 2002         2,430,837,644
 April 30, 2002         2,663,337,644
 March 31, 2002         2,580,337,644
 February 28, 2002         2,604,732,275
 January 31, 2002         2,559,732,275

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