Chapter

APPENDIX VIII

Author(s):
International Monetary Fund
Published Date:
September 1947
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(i) HOLDINGS OF CURRENCIES, INCLUDING NON-NEGOTIABLE, NON-INTEREST BEARING DEMAND SECURITIES SUBSTITUTED BY MEMBERS IN LIEU OF CURRENCY, As of June 30, 1947
DepositoriesCurrencyBalances with DepositoriesSecurities of MembersTotal of Balances and SecuritiesEquivalent in U. S. DollarsEstablished Parity Rate Used*
Banque Nationale de BelgiqueBelgian Francs986,370,958.106,409,500,000.007,395,870,958.10$168,749,551.2643.8275
Bank of CanadaCanadian Dollars30,999,405.67194,000,000.00224,999,405.67224,999,405.671.0000
Banco Centrale de ChileChilean Pesos1,274,489,181.15……………1,274,489,181.1541,112,554.2331.0000
Banco de la Republica de ColombiaColombian Pesos65,624,200.73……………65,624,200.7337,499,757.551.74999
Issue Dept., Banco Nacionale de Costa RicaCosta Rican Colones26,225,578.11……………26,225,578.114,670,628.335.61500
National Treasury of CubaCuban Pesos4,999,680.2432,500,000.0037,499,680.2437,499,680.241.00000
National Bank of CzechoslovakiaCzechoslovak Koruny625,097,482.505,552,478,996.006,177,576,478.50123,551,529.5750.00000
Danmarks National BankDanish Kroner32,643,141.87267,172,231.34299,815,373.2162,474,421.434.79901
Banco Central del EcuadorEcuadorean Sucres50,623,477.13……………50,623,477.133,749,887.2013.5000
Treasury of EgyptEgyptian Pounds1,087,669.1838,462,006.0009,549,675.18339,468,807.53413.300*
Banco Central de Reserva de El SalvadorEl Salvadoran Colones4,687,236.25……………4,687,236.251,874,894.502.50000
State Bank of EthiopiaEthiopian Dollars1,492,985.5313,377,375.3014,870,360.835,985,320.2440.2500*
Banque de FranceFrench Francs6,257,774,528.8052,750,000,000.0059,007,774,528.80495,418,191.44119.107
Banco de GuatemalaGuatemalan Quetzales3,749,940.19……………3,749,940.193,749,940.191.00000
National Bank of IcelandIcelandic Kronur4,866,609.28……………4,866,609.28749,995.656.48885
Reserve Bank of IndiaIndian Rupees132,330,695.781,100,000,000.001,232,330,695.78372,471,952.8030.2250*
Bank Melli IranIranian Rials80,625,000.00523,931,120.30604,556,120.3018,745,926.2132.25000
Rafidain BankIraqi Dinars199,907.1951,785,000.0001,984,907.1957,999,175.99403.000*
Banque Nationale de BelgiqueLuxembourg Francs43,823,950.00380,167,570.05423,991,520.059,674,097.7743.8275
Banco de Mexico, S.A.Mexican Pesos327,708,225.56……………327,708,225.5667,499,119.574.85500
de Nederlandsche Bank N.V.Netherlands Guilders73,103,648.48506,000,000.00579,103,648.48218,294,908.672.65285
Issue Dept., Banco Nationale de NicaraguaNicaraguan Cordobas7,499,121.67……………7,499,121.671,499,824.335.00000
Norges BankNorwegian Kroner24,853,577.29161,250,322.58186,103,899.8737,499,935.8220.1500*
Banco Nacionale de PanamaPanamanian Balboas37,500.00……………37,500.0037,500.001.00000
Banco del ParaguayParaguayan Guaranies4,631,030.35……………4,631,030.351,498,715.323.09000
Banco Central de Reservadel PeruPeruvian Soles16,265,577.53125,743,686.00142,009,263.5321,847,579.016.50000
Philippine National BankPhilippine Pesos22,499,872.18……………22,499,872.1811,249,936.092.00000
Banque Centrale de la Republique de TurquieTurkish Lira12,049,405.73……………12,049,405.734,303,359.192.80000
Reserve Bank of South AfricaSouth African Pounds2,482,482-6/1016,126,410-17/418,608,893-4/274,993,839.62403.000*
Bank of EnglandUnited Kingdom Pounds32,268,996-5/9236,575,000.0.0268,843,996-5/91,083,441,305.03403.000*
Federal Reserve Bank of New YorkU.S. Dollars280,901,960.321,724,000,000.002,004,901,960.322,004,901,960.321.00000
Riggs National BankU.S. Dollars23,785.23……………23,785.2323,785.231.00000
Banco Central de VenezuelaVenezuelan Bolivares5,024,859.42……………5,024,859.421,499,958.033.35000
$5,189,037,444.03**

Rates quoted in currency units per U.S. Dollar except items marked with asterisk which are quoted in U.S. Cents per currency unit.

As per Balance Sheet:

Currency with Depositories$ 816,784,021.35
Securities of Members4,372,253,422.68
$5,189,037,444.03

Rates quoted in currency units per U.S. Dollar except items marked with asterisk which are quoted in U.S. Cents per currency unit.

As per Balance Sheet:

Currency with Depositories$ 816,784,021.35
Securities of Members4,372,253,422.68
$5,189,037,444.03

(ii) SUMMARY OF SUBSCRIPTION PAYMENTS BY MEMBERS, As at June 30, 1947
MemberQuota in Millions U.S. DollarsPaid in U.S. Dollars aPaid in GoldPaid In Currency other than U.S. Dollars dUnpaid Balance (Expressed in U.S. Dollars)
Fine OuncesU.S. Dollar EquivalentCurrencyAmountU.S. Dollar EquivalentPar Values EstablishedPar Values Not Established
Belgium22522,500.001,606,500.000$56,227,500.00Franc7,395,890,625.00$168,750,000.00
Bolivia101,000.00$9,999,000.00
Brazil15015,000.00$149,985,000.00
Canada30030,000.002,142,000.00074,970,000.00Dollar225,000,000.00225,000,000.00
Chile505,000.00b253,784.0678,882,442.35Peso1,274,489,287.1541,112,557.65
China55055,000.00549,945,000.00
Colombia505,000.00357,004.30312,495,150.61Peso65,624,200.7337,499,849.39
Costa Rica5500.00b9,396.333328,871.67Colon26,225,578.114,670,628.33
Cuba505,000.00357,009.13612,495,319.76Peso37,499,680.2437,499,680.24
Czechoslovakia12512,500.00b41,026.2881,435,920.08Koruna6,177,578,996.00123,551,579.92
Denmark686,800.00b157,677.7905,518,722.65Krone299,815,481.9662,474,477.35
Dominican Republic5500.004,999,500.00
Ecuador5500.0035,703.2231,249,612.81Sucre50,623,477.133,749,887.19
Egypt454,500.00b157,900.8415,526,529.44Pound9,549,714.63339,468,970.56
El Salvador2.5250.0017,851.080624,787.80Colon4,687,405.501,874,962.20
Ethiopia6600.00b400.00514,000.18Dollar14,870,558.535,985,399.82
France52552,500.00b2,272,212.01879,527,420.66Franc53,052,511,310.80445,420,079.34
Greece404,000.0039,996,000.00
Guatemala5500.0035,701.7091,249,559.81Quetzal3,749,940.193,749,940.19
Honduras2.5250.002,499,750.00
Iceland1100.007,140.008249,900.28Krona4,866,635.68749,999.72
India40040,000.00b785,327.24627,486,453.61Rupee1,232,336,177.50372,473,546.39
Iran252,500.00178,616.3946,251,573.79Rial604,556,120.3018,745,926.21
Iraq8800.00Dinarc1, 984,913.1507,999,200.00
Italy18018,000.00179,982,000.00
Lebanon4.5450.004,499,550.00
Luxembourg101,000.00b9,280.607324,821.25Franc423,995,070.059,674,178.75
Mexico909,000.00642,605.86122,491,205.14Peso327,711,504.0567,499,794.86
Netherlands27527,500.001,963,500.00068,722,500.00Guilder547,150,312.50206,250,000.00
Nicaragua2200.0014,285.019499,975.66Cordoba7,499,121.671,499,824.34
Norway505,000.00357,001.56912,495,054.90Krone186,103,977.4737,499,945.10
Panama.550.001Balboa37,500.0037,500.00462,450.00
Paraguay2200.0014,285.635499,997.22Guarani4,634,390.571,499,802.78
Peru252,500.0089,997.7433,149,921.00Sol142,009,263.5321,847,579.00
Philippines151,500.00107,101.3943,748,548.79Peso22,499,902.4211,249,951.21
Poland12512,500.00124,987,500.00
Syria6.5650.006,499,350.00
Turkey434,300.00307,026.06410,745,912.23Lira12,049,405.734,303,359.1927,946,428.58
Union of South Africa10010,000.00714,129.12024,994,519.20Pound18,609,300.8/1174,995,480.80
United Kingdom1,300130,000.00b6,010,817.737210,378,620.80Pound270,345,255.7/81,089,491,379.20
United States2,750d2,062,499,999.8919,642,857.147687,500,000.1114,998,500.00
Uruguay151,500.00Bolivar5,024,859.421,499,958.049,750,000.00
Venezuela151,500.00107,101.1993,748,541.96
Yugoslavia606,000.0059,994,000.00
TOTAL$7,721.5$2,062,997,149.8938,395,239.536$1,343,833,383.76$3,128,125,437.77$50,657,628.58$1,135,886,400.00

Except for the United States these represent subscriptions of 1/100 of 1% as per Article XX, Sec. 2(d) of the Articles of Agreement.

Members’ payments in gold of 10% of their net official holdings of gold and United States dollars as at 12 September 1946 accepted provisionally.

Payment of Iraq’s total subscription in currency accepted provisionally.

Includes non-negotiable, non-interest bearing demand securities substituted by Members in lieu of currency.

Except for the United States these represent subscriptions of 1/100 of 1% as per Article XX, Sec. 2(d) of the Articles of Agreement.

Members’ payments in gold of 10% of their net official holdings of gold and United States dollars as at 12 September 1946 accepted provisionally.

Payment of Iraq’s total subscription in currency accepted provisionally.

Includes non-negotiable, non-interest bearing demand securities substituted by Members in lieu of currency.

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