Selected Decisions and Selected Documents of the IMF, Thirty- Eighth Issue -- Balances Held in Administrative Account

Prepared by the Legal Department of the IMF
As updated as of February 29, 2016

< Previous DocumentNext Document >
ARTICLE XXX( c )
Calculation of Reserve Tranche: Exclusion of Purchases and Holdings

BALANCES HELD IN ADMINISTRATIVE ACCOUNT

The balances held in the administrative accounts of the Fund, to the extent that they are not in excess of 0.1 percent of a member’s quota, shall not be considered as part of the Fund’s holdings of a member’s currency for the purpose of determining a member’s reserve tranche position in the Fund and for the calculation of holdings for the purposes of charges (Article V, Section 8(b)(ii)); remuneration (Article V, Section 9(a)); and the determination of a member’s entitlement to appoint an Executive Director (Article XII, Section 3(c)). (SM/82/18, 1/26/82)

Decision No. 7060-(82/23),

February 22,1982

< Previous DocumentNext Document >