International Monetary Fund
Lesotho: 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         3,542,507
 November 30, 2003         3,542,507
 October 31, 2003         3,542,507
 September 30, 2003         3,542,507
 August 31, 2003         3,542,507
 July 31, 2003         3,542,507
 June 30, 2003         3,542,507
 May 31, 2003         3,542,507
 April 30, 2003         3,542,507
 March 31, 2003         3,542,507
 February 28, 2003         3,542,507
 January 31, 2003         3,542,507

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

Lesotho: Financial Position in the Fund