International Monetary Fund
South Africa: 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         504,286
 November 30, 2003         504,286
 October 31, 2003         504,286
 September 30, 2003         484,380
 August 31, 2003         484,380
 July 31, 2003         484,380
 June 30, 2003         454,521
 May 31, 2003         434,615
 April 30, 2003         424,662
 March 31, 2003         417,283
 February 28, 2003         417,283
 January 31, 2003         417,283

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

South Africa: Financial Position in the Fund