International Monetary Fund
Madagascar: 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         27,227
 November 30, 2002         27,227
 October 31, 2002         27,227
 September 30, 2002         27,227
 August 31, 2002         27,227
 July 31, 2002         27,227
 June 30, 2002         27,227
 May 31, 2002         27,227
 April 30, 2002         27,227
 March 31, 2002         27,227
 February 28, 2002         27,227
 January 31, 2002         27,227

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

Madagascar: Financial Position in the Fund