Japan: 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         6,777,412,521
 November 30, 1997         5,305,326,714
 October 31, 1997         4,716,827,042
 September 30, 1997         4,716,827,042
 August 31, 1997         4,690,327,024
 July 31, 1997         4,490,327,024
 June 30, 1997         4,359,327,023
 May 31, 1997         4,407,827,024
 April 30, 1997         4,415,770,775
 March 31, 1997         4,484,554,523
 February 28, 1997         4,484,554,523
 January 31, 1997         4,484,554,523

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

Japan: Financial Position in the Fund