International Monetary Fund
Japan: Reserve Tranche Position
from January 01, 2003 to December 31, 2003

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, 2003         5,204,175,204
 November 30, 2003         5,769,535,203
 October 31, 2003         5,901,973,120
 September 30, 2003         5,998,592,720
 August 31, 2003         5,691,620,386
 July 31, 2003         5,691,620,386
 June 30, 2003         5,700,014,007
 May 31, 2003         5,502,158,007
 April 30, 2003         5,544,900,184
 March 31, 2003         5,549,276,852
 February 28, 2003         5,180,013,484
 January 31, 2003         5,223,925,400

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