Japan: Reserve Tranche Position
from January 01, 1998 to December 31, 1998

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, 1998         6,304,743,949
 November 30, 1998         7,014,590,334
 October 31, 1998         7,054,470,133
 September 30, 1998         7,065,489,423
 August 31, 1998         7,065,409,001
 July 31, 1998         7,065,248,156
 June 30, 1998         7,065,248,156
 May 31, 1998         7,078,154,529
 April 30, 1998         7,077,817,758
 March 31, 1998         7,077,552,347
 February 28, 1998         7,077,463,877
 January 31, 1998         6,777,698,545

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