Chapter

Appendix I

Author(s):
International Monetary Fund
Published Date:
September 1981
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The Fund in 1980/81

The tables in this appendix supplement the information given in Chapter 3 on the activities of the Fund during the financial year ended April 30, 1981. In two tables in this appendix, however, data covering longer periods are included, viz., Table I.1 on exchange rates and exchange arrangements and Table I.11 setting forth the charges on the use of the Fund’s resources.

Table I.1.Exchange Rates and Exchange Arrangements, June 30,1981

(Currency units per unit listed)

Exchange Rate Maintained AgainstExchange
Other cur-
OtherSpecialCurrency com-rencies in aRates
U.S.PoundFrenchsingledrawingposite othercooperativeOtherwise
MemberCurrencydollar1sterling1franc1currency1center1than SDR2arrangement23Determined24
Afghanistan 5Afghani50.08
Algeria5dinar4.413
Argentina5peso4,525.0
Australiadollar0.871080
Austriaschilling16.86
Bahamas5dollar1.00
Bahraindinar0.377
Bangladesh5taka17.9741
Barbados5dollar2.01
Belgium5franc39.26
Beninfranc50.00
Boliviapeso24.51
Botswanapula0.850919
Brazil5cruzeiro90.956
Burmakyat8.508477.39481
Burundifranc90.00
Cameroonfranc50.00
Canadadollar1.2005
Cape Verde 7escudo
Central African Republicfranc50.00
Chadfranc50.00
Chilepeso39.00
China, People’s Republic of5yuan1.7467
Colombia5peso52.946
Comorosfranc50.00
Congofranc50.00
Costa Rica5colon19.03
Cypruspound0.438693
Denmarkkrone7.4975
Djiboutifranc178.16
DominicaEast Caribbean
dollar2.70
Dominican Republic5peso1.00
Ecuador5sucre25.00
Egypt5pound0.70
El Salvadorcolon2.50
Equatorial Guinea5epkwele2.008
Ethiopiabirr2.07
Fijidollar0.868810
Finlandmarkka4.446
Francefranc5.7175
Gabonfranc50.00
Gambia, Thedalasi4.00
Germany, Federal
Republic ofdeutsche mark2.3909
Ghana5cedi2.75
Greece5drachma58.415
Grenada5East Caribbean
dollar2.70
Guatemalaquetzal1.00
Guineasyli24.685321.4543
Guinea-Bissaupeso44.0038.2409
Guyanadollar3.00
Haitigourde5.00
Honduraslempira2.00
Iceland5krona7.337
Indiarupee8.75026
Indonesiarupiah631.25
Iran5rial92.3080.2190
Iraqdinar0.295314
Irelandpound0.656082
Israelshekel11.6760
Italy5lira1,191.50
Ivory Coastfranc50.00
Jamaica5dollar1.781423
Japanyen225.80
Jordandinar0.3870.336346
Kampuchea, Democratic7
Kenya5shilling10.158.82135
Koreawon685.10
Kuwaitdinar.—0.28168
Lao People’s Democratic
Republic5new kip10.00
Lebanonpound4.30
Lesotho5maloti1.009
Liberiadollar1.00
Libyan Arab Jamahiriyadinar0.296053
Luxembourg5franc39.26
Madagascarfranc50.00
Malawikwacha1.054070.916105
Malaysiaringgit2.3154
Maldives7rupee
Malifranc100.00
Maltapound0.394415
Mauritaniaouguiya48.84
Mauritius 5rupee10.008.69112
Mexicopeso24.4372
Moroccodirham5.45405
Nepal5rupee12.00
Netherlandsguilder2.662
New Zealanddollar1.17288
Nicaragua5cordoba10.05
Nigerfranc50.00
Nigerianaira0.646162
Norwaykrone6.0075
Omanrial Omani0.3454
Pakistanrupee9.90
Panamabalboa1.00
Papua New Guineakina0.678702
Paraguay5guarani126.00
Perusol418.918
Philippinespeso7.94900
Portugalescudo63.3646
Qatarriyal3.64
Romania5leu11.00
Rwandafranc92.84
St. LuciaEast Caribbean
dollar2.70
St. VincentEast Caribbean
dollar2.70
Sao Tome and Principedobra45.2539.3273
Saudi Arabiariyal3.405
Senegalfranc50.00
Seychellesrupee7.23456.28759
Sierra Leoneleone1.366931.18802
Singaporedollar2.132
Solomon Islandsdollar1.00 10
Somalia5shilling12.59
South Africa5rand0.886289
Spainpeseta95.148
Sri Lankarupee18.76
Sudan 5pound0.50
Surinameguilder1.785
Swaziland6lilangeni1.00 9
Swedenkrona5.085
Syrian Arab Republic5pound3.925
Tanzaniashilling8.30793
Thailandbaht21.00
Togofranc50.00
Trinidad and Tobagodollar2.40
Tunisiadinar0.403875
Turkey5lira110.696
Uganda 7shilling
United Arab Emiratesdirham3.671
United Kingdompound0.514721
United Statesdollar1.00
Upper Voltafranc50.00
Uruguaynew peso10.7965
Venezuela 6bolivar4.2925
Viet Nam5dong2.663582.31495
Western Samoatala1.0488
Yemen Arab Republicrial4.5625
Yemen, People’s

Democratic Republic of
cratic Republic ofdinar0.345399
Yugoslaviadinar33.9381
Zairezaire6.349215.51817
Zambiakwacha1.024260.890196
Zimbabwedollar0.698910

Rates as notified to the Fund and in terms of currency units per unit listed.

Market rates in currency units per U.S. dollar.

Belgium, Denmark, France, the Federal Republic of Germany, Ireland, Italy, Luxembourg, and the Netherlands are participating in the European Monetary System and maintain maximum margins of 2.25 per cent (in the case of the Italian lira, 6 per cent) for exchange rates in transactions in the official markets between their currencies and those of the other countries in this group. No announced margins are observed for other countries.

Under this heading are listed those members that describe their exchange rate arrangements variously as floating independently, adjusting according to a set of indicators (see footnote 6), and certain other members whose exchange arrangements are not otherwise described in this table. In addition, U.S. dollar quotations are given for the currencies that are pegged to the SDR.

Member maintains multiple currency practices and/or dual exchange market. A description of the member’s exchange system as of December 31, 1980 is given in the Annual Report on Exchange Arrangements and Exchange Restrictions, 1981.

Exchange rates adjusted according to a set of indicators.

Information not available.

Per Spanish peseta.

Per South African rand.

Per Australian dollar.

Rates as notified to the Fund and in terms of currency units per unit listed.

Market rates in currency units per U.S. dollar.

Belgium, Denmark, France, the Federal Republic of Germany, Ireland, Italy, Luxembourg, and the Netherlands are participating in the European Monetary System and maintain maximum margins of 2.25 per cent (in the case of the Italian lira, 6 per cent) for exchange rates in transactions in the official markets between their currencies and those of the other countries in this group. No announced margins are observed for other countries.

Under this heading are listed those members that describe their exchange rate arrangements variously as floating independently, adjusting according to a set of indicators (see footnote 6), and certain other members whose exchange arrangements are not otherwise described in this table. In addition, U.S. dollar quotations are given for the currencies that are pegged to the SDR.

Member maintains multiple currency practices and/or dual exchange market. A description of the member’s exchange system as of December 31, 1980 is given in the Annual Report on Exchange Arrangements and Exchange Restrictions, 1981.

Exchange rates adjusted according to a set of indicators.

Information not available.

Per Spanish peseta.

Per South African rand.

Per Australian dollar.

Table I.2.Fund Stand-By Arrangements for Members, Financial Year Ended April 30,1981

(In millions of SDRs)

Total NumberAmount Not
of Stand-BysAmountPurchased atAmountAmount Not
ApprovedDate ofDate ofApprovedExpirationApprovedPurchased
Memberfor MemberInceptionExpiration1979/80or Cancellation1980/81April 30, 1981
Bangladesh3July 30,1979July 29,198085.00
Bolivia12Feb. 1,1980Jan. 31,198166.38 113.00
Central African Republic2Feb. 15,1980Feb. 14,19814.00
Apr. 10,1981Dec. 31,198110.406.40
China,
People’s Republic of1Mar. 2,1981Dec. 31,1981450.00
Costa Rica7Mar. 12,1980Mar. 11,198260.50145.12
Cyprus1July 16,1980July 15,19818.50
El Salvador12June 23,1980June 22,198110.75
Equatorial Guinea1July 1,1980June 30,19815.502.50
Gambia, The2Nov. 2,1979Nov. 1,19801.60
Grenada3Nov. 6,1979Dec. 31,19800.65
Kenya3Aug. 20,1979Aug. 19,1981122.48 1,2122.48
Oct. 15,1980Oct. 14,1982241.503151.50
Korea14Mar. 3,1980Mar. 2,1982640.001,4320.00
Feb. 13,1981Feb. 12,1982576.003432.00
Lao People’s
Democratic Republic1Aug. 4,1980Aug. 3,198114.003.00
Liberia14Sept. 15,1980Sept. 14,198265.00333.00
Madagascar3June 27,1980June 26,198254.4510.005
Apr. 13,1981June 26,198276.70355.20
Malawi2Oct. 31,1979Dec. 31,198126.34 1,620.90
May 9,1980Mar. 31,198249.88327.88
Mauritania2July 23,1980Mar. 31,198229.70320.80
Mauritius3Oct. 31,1979Oct. 30,198173.03 1,733.03
Sept. 5,1980Sept. 4,198135.0035.00
Nicaragua11May 14,1979Dec. 31,198034.00825.50
Panama13Apr. 18,1980Dec. 31,198166.38 1,923.62976.57
Peru19Aug. 10,1979Dec. 31,1980285.00137.00
Philippines15June 11,1979Dec. 31,1979105.0013.75
Feb. 27,1980Dec. 31,1981410.003150.00
Rwanda5Oct. 31,1979Oct. 30,19805.005.00
Sierra Leone5Nov. 2,1979Nov. 1,198017.00
Somalia8Feb. 27,1980Feb. 26,198111.505.50
Tanzania2Sept. 15,1980June 30,1982179.603154.60
Togo2June 11,1979Dec. 31,198015.001.75
Feb. 13,1981Feb. 11,198347.50340.25
Turkey13July 19,1979July 18,1980250.001,1020.00
June 18,1980June 17,19831,250.003890.00
Uganda2Jan. 4,1980Dec. 31,198012.50
Uruguay11May 14,1980May 13,198121.0021.00
Western Samoa4Aug. 17,1979Aug. 16,19800.750.75
Yugoslavia8May 23,1979May 22,198069.25
June 6,1980Dec. 31,1981139.33200.0011
Jan. 30,1981Dec. 31,19831,662.0031,486.00
Zaire4Aug. 27,1979Feb. 26,1981118.009.00
Zimbabwe1Apr. 8,1981Apr. 7,198237.50
Total2,479.36821.445,004.153,600.82

Supplementary financing facility amounts approved in 1979/80 are as follows: Bolivia, SDR 32.63 million, of which SDR 25.53 million was purchased; Costa Rica, SDR 29.70 million; Kenya, SDR 70.73 million, which was unused; Korea, SDR 480.00 million, of which SDR 161.83 million was purchased; Malawi, SDR 13.78 million, of which SDR 2.38 million was purchased; Mauritius, SDR 54.00 million, of which SDR 24.02 million was purchased; Panama, SDR 32.63 million; Peru, SDR 232.09 million, of which SDR 195.09 was purchased; Philippines, SDR 333.00 million; and Turkey, SDR 169.55 million, of which SDR 158.64 million was purchased.

Canceled as of October 14, 1980.

Amounts available under the supplementary financing facility are as follows: Kenya, SDR 184.42 million; Korea, SDR 454.31 million; Liberia, SDR 36.90 million; Madagascar, SDR 29.71 million; Malawi, SDR 35.63 million; Mauritania, SDR 17.40 million; Mauritius, SDR 31.93 million; Panama, SDR 12.88 million; Tanzania, SDR 137.47 million; Togo, SDR 29.87 million; Turkey, SDR 1,211.40 million; and Yugoslavia, SDR 1,357.84 million.

Canceled as of February 12, 1981.

Of the arrangement equivalent to SDR 64.45 million, the equivalent of SDR 10.00 million was purchased prior to cancellation on April 12, 1981; of this amount purchased, SDR 5.14 million was financed with supplementary financing facility resources.

Canceled as of May 8, 1980.

Canceled as of September 4, 1980.

Canceled as of August 20, 1979.

Stand-by arrangement augmented by SDR 23.62 million, of which SDR 12.88 million is available under the supplementary financing facility.

Canceled as of June 17, 1980.

Of the arrangement equivalent to SDR 339.33 million, the equivalent of SDR 200.00 million was purchased prior to cancellation on January 29, 1981; of this amount purchased, SDR 124.83 million was financed with supplementary financing facility resources.

Supplementary financing facility amounts approved in 1979/80 are as follows: Bolivia, SDR 32.63 million, of which SDR 25.53 million was purchased; Costa Rica, SDR 29.70 million; Kenya, SDR 70.73 million, which was unused; Korea, SDR 480.00 million, of which SDR 161.83 million was purchased; Malawi, SDR 13.78 million, of which SDR 2.38 million was purchased; Mauritius, SDR 54.00 million, of which SDR 24.02 million was purchased; Panama, SDR 32.63 million; Peru, SDR 232.09 million, of which SDR 195.09 was purchased; Philippines, SDR 333.00 million; and Turkey, SDR 169.55 million, of which SDR 158.64 million was purchased.

Canceled as of October 14, 1980.

Amounts available under the supplementary financing facility are as follows: Kenya, SDR 184.42 million; Korea, SDR 454.31 million; Liberia, SDR 36.90 million; Madagascar, SDR 29.71 million; Malawi, SDR 35.63 million; Mauritania, SDR 17.40 million; Mauritius, SDR 31.93 million; Panama, SDR 12.88 million; Tanzania, SDR 137.47 million; Togo, SDR 29.87 million; Turkey, SDR 1,211.40 million; and Yugoslavia, SDR 1,357.84 million.

Canceled as of February 12, 1981.

Of the arrangement equivalent to SDR 64.45 million, the equivalent of SDR 10.00 million was purchased prior to cancellation on April 12, 1981; of this amount purchased, SDR 5.14 million was financed with supplementary financing facility resources.

Canceled as of May 8, 1980.

Canceled as of September 4, 1980.

Canceled as of August 20, 1979.

Stand-by arrangement augmented by SDR 23.62 million, of which SDR 12.88 million is available under the supplementary financing facility.

Canceled as of June 17, 1980.

Of the arrangement equivalent to SDR 339.33 million, the equivalent of SDR 200.00 million was purchased prior to cancellation on January 29, 1981; of this amount purchased, SDR 124.83 million was financed with supplementary financing facility resources.

Table I.3.Summary of Members’ Purchases and Repurchases, Financial Years Ended April 30,1948-81

(In millions of SDRs)

YearTotal Purchases

by Members
Total Repurchases

by Members
1948606.04
1949119.44
195051.8024.21
195128.0019.09
195246.2536.58
195366.12184.96
1954231.29145.11
195548.75276.28
195638.75271.66
19571,114.0575.04
1958665.7386.81
1959263.52537.32
1960165.53522.41
1961577.00658.60
19622,243.201,260.00
1963579.97807.25
1964625.90380.41
19651,897.44516.97
19662,817.29406.00
19671,061.28340.12
19681,348.251,115.51
19692,838.851,542.33
19702,995.651,670.69
19711,167.411,656.86
19722,028.493,122.33
19731,175.43540.30
19741,057.72672.49
19755,102.45518.08
19766,591.42960.10
19774,910.33868.19
19782503.014,485.01
19793,719.584,859.18
19802,433.263,775.83
19814,860.012,852.93
Totals55,979.21135,188.65 2

Includes purchases that are not subject to repurchase.

Excludes sales of currency and adjustments that have the effect of repurchase.

Includes purchases that are not subject to repurchase.

Excludes sales of currency and adjustments that have the effect of repurchase.

Table I.4.Summary of Stand-By Arrangements That Became Effective During the Financial Years Ended April 30, 1953-811

(In millions of SDRs)

YearNumberAmount
1953255.00
1954262.50
1955240.00
1956247.50
195791,162.28
1958111,043.78
1959151,056.63
196014363.88
196115459.88
1962241,633.13
1963191,531.10
1964192,159.85
1965242,159.05
196624575.35
196725591.15
1968322,352.36
196926541.15
1970232,381.28
197118501.70
197213313.75
197313321.85
1974151,394.00
197514389.75
1976181,188.02
1977194,679.64
1978181,285.09
197914507.85
1980242,479.36
1981215,004.15
Total47536,281.03

Includes renewals and extensions for one year or less, except the renewals each six months of the stand-by arrangement for Belgium granted in June 1952 until that member purchased the full amount of the equivalent of SDR 50 million in April 1957.

Includes renewals and extensions for one year or less, except the renewals each six months of the stand-by arrangement for Belgium granted in June 1952 until that member purchased the full amount of the equivalent of SDR 50 million in April 1957.

Table I.5.Purchases of Currencies and Special Drawing Rights from the Fund, Financial Year Ended April 30, 1981

(In millions of SDRs)

Member

Purchasing
Within

Reserve

Tranche
Within Credit Tranche

Under stand-by arrangements
Under Decision on

Extended Fund facility
Total

Purchases
Purchases Financed with

Ordinary resources
Ordinary

resources
Supplementary

financing

facility
Other 1Ordinary

resources
Supplementary

financing

facility
Compensatory

financing
CurrenciesSpecial

drawing

rights
Supplementary

financing

facility
Bangladesh28.0083.5083.50l95.0040.5071.0083.50
Bolivia12.2714.7327.002.509.7714.73
Central African Republic4.009.0013.0012.770.23
Chad7.107.107.10
China, People’s Republic of368.14450.00818.14200.00618.14
Comoros0.780.780.300.48
Cyprus6.118.5014.616.118.50
Dominica0.030.350.361.952.692.310.020.36
El Salvador10.7510.754.006.75
Equatorial Guinea0.133.0011.1014.237.336.90
Grenada0.202.102.302.30
Guyana21.4414.1935.638.5012.9414.19
Haiti4.395.7510.8020.9415.195.75
India266.00266.0055.00211.00
Israel25.6325.6325.63
Ivory Coast9.5028.5022.0922.0982.1810.0050.0922.09
Jamaica21.8338.106.7037.00103.6357.0039.936.70
Kenya39.9050.1090.0032.267.6450.10
Korea195.24188.76160:00544.0096.26258.98188.76
Lao People’s Democratic Republic11.0011.004.866.14
Liberia13.1018.9032.006.976.1318.90
Madagascar18.8212.6829.2060.7027.6220.4012.68
Malawi10.0012.0022.0010.0012.00
Mauritania2.826.088.902.826.08
Mauritius12.1637.8440.5090.5036.8015.8637.84
Morocco93.76139.6575.60309.0156.50176.9175.60
Nepal10.4910.4910.49
Pakistan68.87112.00112.00292.8789.7128.30174.86
Panama8.078.954.4821.5017.024.48
Papua New Guinea4.874.874.87
Peru21.3752.6374.0021.3752.63
Philippines77.00163.00240.0030.9146.09163.00
Romania121.25121.545.0076.25
St. Lucia0.671.802.705.174.720.45
St. Vincent0.320.421.302.041.840.20
Senegal2.1520.5520.5543.258.5514.1520.55
Sierra Leone5.009.5910.5125.108.745.8510.51
Sri Lanka30.0030.0015.0015.00
Sudan19.8543.0043.0067.50173.35110.3520.0043.00
Tanzania8.7216.2815.0040.008.7215.0016.28
Togo3.3313.257.2523.8313.2510.58
Turkey38.60321.40360.0038.60321.40
Viet Nam28.4028.4028.40
Western Samoa0.752.002.752.600.15
Yemen, People’s Democratic Republic of9.439.439.43
Yugoslavia155.17220.83376.00105.0050.17220.83
Zaïre98.0098.0038.6059.40
Zimbabwe32.4937.5069.9952.4917.50
Total474.081,283.121,126.96272.09531.07388.50784.194,860.011,318.801,970.141,571.07

In accordance with Executive Board Decision No. 102-(52/11), adopted February 13, 1952. (See Selected Decisions of the International Monetary Fund and Selected Documents, Eighth Issue (Washington, 1976), pages 37-40.)

In accordance with Executive Board Decision No. 102-(52/11), adopted February 13, 1952. (See Selected Decisions of the International Monetary Fund and Selected Documents, Eighth Issue (Washington, 1976), pages 37-40.)

Table I.6.Repurchases of Currencies from the Fund, Financial Year Ended April 30, 1981

(In millions of SDRs)

Repurchases in Respect of
Member

Repurchasing
Purchases

under

oil facility
Purchases

in the

tranches
OtherTotal
Australia147.2147.2
Bangladesh23.05.943.572.4
Barbados0.80.8
Burma14.00.514.5
Cameroon4.18.812.9
Central African Republic1.44.35.7
Chad0.52.73.2
Chile46.446.4
Comoros0.50.5
Congo3.53.16.6
Costa Rica9.49.4
Cyprus7.54.712.2
Dominican Republic7.522.329.8
Egypt8.031.048.087.0
Equatorial Guinea0.60.6
Fiji6.56.5
Gabon0.10.1
Ghana9.79.7
Greece38.815.053.8
Grenada0.10.40.5
Guinea0.91.42.3
Guyana6.75.111.8
Haiti2.22.2
Iceland9.86.916.7
India7.37.3
Israel35.832.067.8
Jamaica7.36.23.016.5
Kenya6.90.47.3
Korea25.025.0
Lao People’s Democratic Republic3.32.86.1
Liberia2.42.4
Madagascar2.51.20.44.1
Malawi0.90.11.0
Mali2.22.24.4
Mauritania1.32.16.610.0
Mauritius11.211.21
Mexico59.166.9126.0
Morocco4.547.357.5109.3
Nepal0.50.5
New Zealand9.763.5123.2
Nicaragua17.617.6
Pakistan59.06.066.0131.0
Panama6.17.213.3
Papua New Guinea5.02.57.5
Peru13.248.130.792.0
Philippines38.077.1115.1
Portugal28.728.441.798.8
Romania41.348.489.7
Senegal6.40.97.3
Sierra Leone2.51.77.011.2
South Africa123.0123.0
Spain12.312.3
Sri Lanka19.44.113.637.1
Sudan11.822.234.02
Tanzania13.03.021.037.0
Thailand50.350.3
Tunisia24.024.0
Turkey65.450.1115.5
Uganda10.010.0
United Kingdom250.0300.3550.3
Viet Nam8.05.913.9
Western Samoa0.10.50.6
Yemen, People’s Democratic Republic of6.43.71.411.5
Yugoslavia52.852.8
Zaïre19.411.351.382.0
Zambia7.48.624.240.2
Total912.5782.51,157.92,852.9

Of which, SDR 9.2 million represents an advance repurchase.

Of which, SDR 4.5 million represents an advance repurchase.

Of which, SDR 9.2 million represents an advance repurchase.

Of which, SDR 4.5 million represents an advance repurchase.

Table I.7.Extended Fund Facility Arrangements for Members, July 7, 1975-April 30, 1981

(In millions of U.S. SDRs)

MemberDate of

Inception
Date of

Expiration
Total

Amount of

Arrangement
Amount Not

Purchased at

Expiration
Of Total Amount Approved,

Amount Not Purchased as of

April 30, 1981
Approved in previous financial years
Egypt7/28/797/27/81600.00525.00
Guyana6/25/796/24/8262.751
Haiti10/25/7810/24/8132.2021.40
Honduras6/28/796/27/8147.6031.60
Jamaica6/09/786/08/81200.002130.00
Jamaica6/11/796/10/81260.003
Kenya7/07/757/06/7867.2059.50
Mexico1/01/7712/31/79518.004518.00
Philippines4/02/764/01/79217.00
Sri Lanka1/01/7812/31/81260.30150.30
Sudan5/04/795/03/82200.005(125.00)
Subtotal2,465.05707.50728.30
Approved during financial year 1980/81
Bangladesh12/08/8012/07/83800.006633.00
Dominica2/06/812/05/848.55 77.84
Gabon6/27/8012/31/8234.0034.00
Guyana7/25/807/24/83100.00864.37
Ivory Coast2/27/811/22/84484.509440.32
Jamaica4/13/814/12/84236.3510191.55
Morocco10/08/8010/07/83147.0011
Morocco3/10/8110/07/83817.0512748.80
Pakistan11/24/8011/23/831,268.00131,044.00
Senegal8/08/808/07/83184.8014143.70
Sierra Leone3/30/812/22/84163.7015163.70
Sudan5/04/795/03/82227.005276.0016
Subtotal4,470.953,747.28
Total6,936.00707.504,475.58

Canceled as of June 24, 1980.

Canceled as of June 10, 1979.

Canceled as of April 12, 1981.

Includes augmentation by repurchases equivalent to SDR 100 million.

Original arrangement for SDR 200.00 million was augmented by SDR 227.00 million (to SDR 427.00 million) in November 1980, of which SDR 303.80 million is available under the supplementary financing facility.

Of which, SDR 480.80 million is available under the supplementary financing facility.

Of which, SDR 4.49 million is available under the supplementary financing facility.

Of which, SDR 66.00 million is available under the supplementary financing facility.

Of which, SDR 324.90 million is available under the supplementary financing facility.

Of which, SDR 149.25 million is available under the supplementary financing facility.

Of the arrangement equivalent to SDR 810.00 million, the equivalent of SDR 147.00 million was purchased prior to cancellation on March 8, 1981; of this amount purchased, SDR 73.50 million was financed under the supplementary financing facility.

Of which, SDR 567.75 million is available under the supplementary financing facility.

Of which, SDR 869.00 million is available under the supplementary financing facility.

Of which, SDR 126.00 million is available under the supplementary financing facility.

Of which, SDR 99.51 million is available under the supplementary financing facility.

Including SDR 125.00 million that was not purchased at the time of the augmentation.

Canceled as of June 24, 1980.

Canceled as of June 10, 1979.

Canceled as of April 12, 1981.

Includes augmentation by repurchases equivalent to SDR 100 million.

Original arrangement for SDR 200.00 million was augmented by SDR 227.00 million (to SDR 427.00 million) in November 1980, of which SDR 303.80 million is available under the supplementary financing facility.

Of which, SDR 480.80 million is available under the supplementary financing facility.

Of which, SDR 4.49 million is available under the supplementary financing facility.

Of which, SDR 66.00 million is available under the supplementary financing facility.

Of which, SDR 324.90 million is available under the supplementary financing facility.

Of which, SDR 149.25 million is available under the supplementary financing facility.

Of the arrangement equivalent to SDR 810.00 million, the equivalent of SDR 147.00 million was purchased prior to cancellation on March 8, 1981; of this amount purchased, SDR 73.50 million was financed under the supplementary financing facility.

Of which, SDR 567.75 million is available under the supplementary financing facility.

Of which, SDR 869.00 million is available under the supplementary financing facility.

Of which, SDR 126.00 million is available under the supplementary financing facility.

Of which, SDR 99.51 million is available under the supplementary financing facility.

Including SDR 125.00 million that was not purchased at the time of the augmentation.

Table I.8.Status of General Arrangements to Borrow (GAB)1 on April 30, 1981

(In millions of SDR equivalents)

ParticipantsMaximum Amounts

of Credit Arrangements
Fund

Indebtedness
Belgium173.6
Canada150.8
Deutsche Bundesbank1,507.0582.9
France431.2
Italy260.3
Japan1,319.4194.3
Netherlands246.2
Sveriges Riksbank90.6
United Kingdom637.8
United States1,668.6
Total6,485.6777.3

See the Balance Sheet of the General Department—General Resources Account as at April 30, 1981, Note 5, reproduced in Appendix VIII.

See the Balance Sheet of the General Department—General Resources Account as at April 30, 1981, Note 5, reproduced in Appendix VIII.

Table I.9.Borrowing in Connection with Purchases Under the Oil Facility and Repayments to Lenders, September 4,1974-April 30,1981

(In millions of SDRs)

LenderAmount

Borrowed
Amount Repaid up

to April 30, 1980
Amount Repaid

May 1. 1980-

April 30, 1981
Balance

Outstanding as of

April 30, 1981
Abu Dhabi100.0065.4319.2215.35
Austrian National Bank “100.0036.9919.0044.01
National Bank of Belgium200.0068.2639.9191.83
Canada246.93240.296.64
Deutsche Bundesbank600.00326.3948.561
Central Bank of Iran990.00764.1390.51135.36
Central Bank of Kuwait685.00406.52112.50165.98
Netherlands350.00237.4243.6968.89
Nigeria300.00125.5069.2105.29
Bank of Norway100.0038.3614.8046.84
Central Bank of Oman20.5013.243.613.65
Saudi Arabian Monetary Agency (SAMA)2,250.001,493.94356.89624.221
Sveriges Riksbank50.0010.6812.5026.82
Swiss National Bank100.0032.9917.2449.77
Switzerland150.0062.9732.4054.63
Central Bank of Trinidad and Tobago10.002.912.504.59
Central Bank of Venezuela650.00502.5956.5190.90
Total6,902.434,428.61945.691,528.13

Includes claims transferred to SAMA from the Deutsche Bundesbank on November 13, 1980.

Includes claims transferred to SAMA from the Deutsche Bundesbank on November 13, 1980.

Table I.10.Borrowing in Connection with Purchases Under the Supplementary Financing Facility, May 29, 1979-April 30, 1981

(In millions of SDRs)

Amount

Borrowed1
LenderTotal Amount

of Agreement
Up to

April 30,

1980
May 1,

1980 to

April 30,

1981
Balance

Available

as of

April 30, 1981
Abu Dhabi150.0012.4118.82118.77
Austrian National Bank50.0015.5334.47
Banque Nationale de Belgique150.0012.34137.66
Canada200.0012.68187.32
Deutsche Bundesbank1,050.0089.35201.112759.54
Banco de Guatemala30.008.0022.00
Japan900.0079.63152.99667.38
Central Bank of Kuwait400.0023.1380.95295.92
De Nederlandsche Bank, N.V100.005.8119.2774.92
Central Bank of Nigeria220.0013.2856.57150.15
Saudi Arabian Monetary Agency1,934.00103.77344.621,425.61
Swiss National Bank650.0045.00131.42473.58
United States1,450.00385.431,064.57
Central Bank of Venezuela500.0045.00100.73354.27
Total7,784.00502.391,515.455,766.16

Out of total of SDR 6,926.59 million committed under stand-by (SDR 3,935.09 million) and extended (SDR 2,991.50 million) arrangements in effect on April 30, 1981

Claims totaling SDR 172.011 million under the supplementary financing facility were transferred by the Deutsche Bundesbank to the Saudi Arabian Monetary Agency against U.S. dollars on November 13, 1980.

Out of total of SDR 6,926.59 million committed under stand-by (SDR 3,935.09 million) and extended (SDR 2,991.50 million) arrangements in effect on April 30, 1981

Claims totaling SDR 172.011 million under the supplementary financing facility were transferred by the Deutsche Bundesbank to the Saudi Arabian Monetary Agency against U.S. dollars on November 13, 1980.

Table I.11.Schedule of Fund Charges

Charges in per cent per annum1 payable on holdings for the periods stated:

Purchases in the Credit Tranches and Under the Compensatory Financing and Buffer Stock Financing Facilities
July 1, 1974

through

March 31, 1977
April 1, 1977-

April 30, 1981
From

May 1, 1981
Service charge0.50.50.5
Up to 1 year4.04.3756.25
1 to 2 years4.54.8756.25
2 to 3 years5.05.3756.25
3 to 4 years5.55.8756.25
4 to 5 years6.06.3756.25
Extended Fund Facility
Service charge0.50.50.5
Up to 5 years226.25
5 to 6 years6.56.8756.25
6 to 7 years6.56.8756.25
7 to 10 years6.56.8756.25
Oil Facility
For 1974For 1975
Service charge0.50.5
Up to 1 year6.8757.625
1 to 2 years6.8757.625
2 to 3 years6.8757.625
3 to 4 years7.0007.750
4 to 5 years7.1257.875
5 to 6 years7.1257.875
6 to 7 years7.1257.875
Supplementary Financing Facility
Service charge0.5
Up to 3½ yearsRate of interest paid by the Fund plus 0.2 per cent
Over 3½ yearsRate of interest paid by the Fund plus 0.325 per cent
Enlarged Access Policy
Service charge0.5
Periodic chargeNet cost of borrowing by the Fund plus 0.2 per cent

Except for service charge, which is payable once per transaction and is stated as a per cent of the amount of the transaction.

Same as for purchases, in the credit tranches.

Except for service charge, which is payable once per transaction and is stated as a per cent of the amount of the transaction.

Same as for purchases, in the credit tranches.

Table I.12.Members That Have Accepted the Obligations of Article VIII, April 30, 1981
MemberEffective Date

of Acceptance
ArgentinaMay 14, 1968
AustraliaJuly 1, 1965
AustriaAugust 1, 1962
BahamasDecember 5, 1973
BahrainMarch 20, 1973
BelgiumFebruary 15, 1961
BoliviaJune 5, 1967
CanadaMarch 25, 1952
ChileJuly 27, 1977
Costa RicaFebruary 1, 1965
DenmarkMay 1, 1967
DjiboutiSeptember 19, 1980
DominicaDecember 13, 1979
Dominican RepublicAugust 1, 1953
EcuadorAugust 31, 1970
El SalvadorNovember 6, 1946
FijiAugust 4, 1972
FinlandSeptember 25, 1979
FranceFebruary 15, 1961
Germany, Fed. Rep. ofFebruary 15, 1961
GuatemalaJanuary 27, 1947
GuyanaDecember 27, 1966
HaitiDecember 22, 1953
HondurasJuly 1, 1950
IrelandFebruary 15, 1961
ItalyFebruary 15, 1961
JamaicaFebruary 22, 1963
JapanApril 1, 1964
KuwaitApril 5, 1963
LuxembourgFebruary 15, 1961
MalaysiaNovember 11, 1968
MexicoNovember 12, 1946
NetherlandsFebruary 15, 1961
NicaraguaJuly 20, 1964
NorwayMay 11, 1967
OmanJune 19, 1974
PanamaNovember 26, 1946
Papua New GuineaDecember 4, 1975
PeruFebruary 15, 1961
QatarJune 4, 1973
St. LuciaMay 30, 1980
Saudi ArabiaMarch 22, 1961
SeychellesJanuary 3, 1978:
SingaporeNovember 9, 1968
Solomon IslandsJuly 24, 1979
South AfricaSeptember 15, 1973
SurinameJune 29, 1978
SwedenFebruary 15, 1961
United Arab EmiratesFebruary 13, 1974
United KingdomFebruary 15, 1961
United StatesDecember 10, 1946
UruguayMay 2, 1980
VenezuelaJuly 1, 1976
Table I.13.Increases in Quotas, April 30,1980 and April 30, 19811

(In millions of SDRs)

MemberQuota on

April 30, 1980
Quota on

April 30, 1981
Effective Date

of Change
Afghanistan45.067.512/1/80
Algeria285.0427.512/17/80
Argentina535.0802.512/24/80
Australia790.01,185.012/24/80
Austria330.0495.012/29/80
Bahamas33.049.512/18/80
Bahrain20.030.012/24/80
Bangladesh152.0228.012/8/80
Barbados17.025.512/16/80
Belgium890.01,335.012/29/80
Benin16.024.012/26/80
Bolivia45.067.512/23/80
Botswana9.013.512/19/80
Brazil665.0997.512/19/80
Burma73.0109.512/24/80
Burundi23.034.512/26/80
Cameroon45.067.512/29/80
Canada1,357.02,035.512/22/80
Cape Verde2.03.012/30/80
Central African Republic16.024.012/29/80
Chad16.024.012/29/80
Chile217.0325.512/29/80
China, People’s Republic of550.01,800.012/28/80
Colombia193.0289.512/24/80
Comoros2.33.512/24/80
Congo17.025.512/29/80
Costa Rica41.061.512/26/80
Cyprus34.051.012/29/80
Denmark310.0465.012/29/80
Djibouti3.85.712/30/80
Dominica1.92.912/18/80
Dominican Republic55.082.512/29/80
Ecuador70.0105.012/23/80
Egypt228.0342.012/22/80
El Salvador43.064.512/26/80
Equatorial Guinea10.015.012/24/80
Ethiopia36.054.012/30/80
Fiji18.027.012/29/80
Finland262.0393.012/23/80
France1,919.02,878.512/23/80
Gabon30.045.012/29/80
Gambia, The9.013.512/22/80
Germany, Federal Republic of2,156.03,234.012/29/80
Ghana106.0159.012/29/80
Greece185.0277.512/29/80
Grenada3.04.512/30/80
Guatemala51.076.512/29/80
Guinea30.045.012/31/80
Guinea-Bissau3.95.912/24/80
Guyana25.037.512/29/80
Haiti23.034.512/11/80
Honduras34.051.012/19/80
Iceland29.043.512/5/80
India1,145.01,717.512/17/80
Indonesia480.0720.012/17/80
Iran660.0660.02
Iraq141.0234.112/25/80
Ireland155.0232.512/23/80
Israel205.0307.512/22/80
Italy1,240.01,860.012/29/80
Ivory Coast76.0114.012/26/80
Jamaica74.0111.012/29/80
Japan1,659.02,488.512/22/80
Jordan30.045.012/22/80
Kampuchea, Democratic25.025.0
Kenya69.0103.512/29/80
Korea160.0255.912/29/80
Kuwait235.0393.312/17/80
Lao People’s Democratic Republic16.024.012/22/80
Lebanon12.027.912/29/80
Lesotho7.010.512/29/80
Liberia37.055.512/31/80
Libyan Arab Jamahiriya185.0298.412/17/80
Luxembourg31.046.512/19/80
Madagascar34.051.012/29/80
Malawi19.028.512/29/80
Malaysia253.0379.512/29/80
Maldives0.91.412/20/80
Mali27.040.512/22/80
Malta20.030.012/29/80
Mauritania17.025.512/24/80
Mauritius27.040.512/22/80
Mexico535.0802.512/29/80
Morocco150.0225.012/29/80
Nepal19.028.512/29/80
Netherlands948.01,422.012/5/80
New Zealand232.0348.012/29/80
Nicaragua34.051.012/23/80
Niger16.024.012/26/80
Nigeria360.0540.012/22/80
Norway295.0442.512/29/80
Oman20.030.032/13/81
Pakistan285.0427.512/22/80
Panama45.067.512/26/80
Papua New Guinea30.045.012/29/80
Paraguay23.034.512/19/80
Peru164.0246.012/29/80
Philippines210.0315.012/29/80
Portugal172.0258.012/22/80
Qatar40.066.212/29/80
Romania245.0367.512/29/80
Rwanda23.034.512/23/80
St. Lucia3.65.412/10/80
St. Vincent1.72.612/29/80
São Tomé and Principe2.03.012/24/80
Saudi Arabia600.01,040.1412/29/80
Senegal42.063.012/30/80
Seychelles1.32.012/17/80
Sierra Leone31.046.512/29/80
Singapore49.092.412/29/80
Solomon Islands2.13.212/22/80
Somalia23.034.512/16/80
South Africa424.0636.012/29/80
Spain557.0835.512/29/80
Sri Lanka119.0178.512/26/80
Sudan88.0132.012/9/80
Suriname25.037.512/24/80
Swaziland12.018.012/10/80
Sweden450.0675.012/29/80
Syrian Arab Republic63.094.512/29/80
Tanzania55.082.512/12/80
Thailand181.0271.512/29/80
Togo19.028.512/26/80
Trinidad and Tobago82.0123.012/24/80
Tunisia63.094.512/29/80
Turkey200.0300.012/24/80
Uganda50.075.012/30/80
United Arab Emirates120.0202.612/10/80
United Kingdom2,925.04,387.512/29/80
United States8,405.012,607.512/30/80
Upper Volta16.024.012/26/80
Uruguay84.0126.012/8/80
Venezuela660.0990.012/22/80
Viet Nam90.0135.012/24/80
Western Samoa3.04.512/29/80
Yemen Arab Republic13.019.512/29/80
Yemen, People’s Democratic Republic of41.061.512/31/80
Yugoslavia277.0415.012/26/80
Zaïre152.0228.012/30/80
Zambia141.0211.512/29/80
Zimbabwe5150.012/22/80

Board of Governors Resolutions reflected in this table are No. 34-2 (Seventh Review), No. 34-1 (Dominica membership), No. 34-4 (Djibouti membership), No. 34-8 (Cape Verde addition to the Seventh General Review list), No. 34-9 (St. Lucia membership), No. 35-1 (St. Vincent membership), No. 35-5 (Zimbabwe membership), and No. 35-7 (People’s Republic of China’s increase in quota).

Iran did not accept the quote increase to SDR 1,075.9 million provided for it under the Seventh General Review.

The maximum quota provided for Oman under the Seventh General Review was SDR 35.1 million.

The special quota increase to SDR 2,100.0 million, approved under Board of Governors Resolution No. 36-2, was consented to by Saudi Arabia by means of a letter dated May 31, 1981. The new quote will become effective when the full payments has been received by the Fund.

Zimbabwe became a member of the Fund on September 29, 1980 with a quote of SDR 100.0 million.

Board of Governors Resolutions reflected in this table are No. 34-2 (Seventh Review), No. 34-1 (Dominica membership), No. 34-4 (Djibouti membership), No. 34-8 (Cape Verde addition to the Seventh General Review list), No. 34-9 (St. Lucia membership), No. 35-1 (St. Vincent membership), No. 35-5 (Zimbabwe membership), and No. 35-7 (People’s Republic of China’s increase in quota).

Iran did not accept the quote increase to SDR 1,075.9 million provided for it under the Seventh General Review.

The maximum quota provided for Oman under the Seventh General Review was SDR 35.1 million.

The special quota increase to SDR 2,100.0 million, approved under Board of Governors Resolution No. 36-2, was consented to by Saudi Arabia by means of a letter dated May 31, 1981. The new quote will become effective when the full payments has been received by the Fund.

Zimbabwe became a member of the Fund on September 29, 1980 with a quote of SDR 100.0 million.

Table I.14.Allocation of Special Drawing Rights, January 1,1981
ParticipantsSDRs
Afghanistan4,590,000
Algeria29,070,000
Argentina54,570,000
Australia80,580,000
Austria33,660,000
Bahamas3,366,000
Bahrain2,040,000
Bangladesh15,504,000
Barbados1,734,000
Belgium90,780,000
Benin1,632,000
Bolivia4,590,000
Botswana918,000
Brazil67,830,000
Burma7,446,000
Burundi2,346,000
Cameroon4,590,000
Canada138,414,000
Cape Verde204,000
Central African1,632,000
Chad1,632,000,
Chile22,134,000
China, People’s Republic of122,400,000
Colombia19,686,000
Comoros238,000
Congo1,734,000
Costa Rica4,182,000
Cyprus3,468,000
Denmark31,620,000
Djibouti387,600
Dominica197,200
Dominican Republic5,610,000
Ecuador7,140,000
Egypt23,256,000
El Salvador4,386,000
Equatorial Guinea1,020,000
Ethiopia3,672,000
Fiji1,836,000
Finland26,724,000
France195,738,000
Gabon3,060,000
Gambia, The918,000
Germany, Federal Republic of219,912,000
Ghana10,812,000
Greece18,870,000
Grenada306,000
Guatemala5,202,000
Guinea3,060,000
Guinea-Bissau401,200
Guyana2,550,000
Haiti2,346,000
Honduras3,468,000
Iceland2,958,000
India116,790,000
Indonesia48,960,000
Iran44,880,000
Iraq15,918,800
Ireland15,810,000
Israel20,910,000
Italy126,480,000
Ivory Coast7,752,000
Jamaica7,548,000
Japan169,218,000
Jordan3,060,000
Kampuchea, Democratic1,700,000
Kenya7,038,000
Korea17,401,200
Kuwait26,744,400
Lao People’s Democratic Republic1,632,000
Lebanon1,897,200
Lesotho714,000
Liberia3,774,000
Libyan Arab Jamahiriya20,291,200
Luxembourg3,162,000
Madagascar3,468,000
Malawi1,938,000
Malaysia25,806,000
Maldives95,200
Mali2,754,000
Malta2,040,000
Mauritania1,734,000
Mauritius2,754,000
Mexico54,570,000
Morocco15,300,000
Nepal1,938,000
Netherlands96,696,000
New Zealand23,664,000
Nicaragua3,468,000
Niger1,632,000
Nigeria36,720,000
Norway30,090,000
Oman1,360,000
Pakistan29,070,000
Panama4,590,000
Papua New Guinea3,060,000
Paraguay2,346,000
Peru16,728,000
Philippines21,420,000
Portugal17,544,000
Qatar4,501,600
Romania24,990,000
Rwanda2,346,000
St. Lucia367,200
St. Vincent176,800
São Tomé and Principe204,000
Saudi Arabia70,726,800
Senegal4,284,000
Seychelles136,000
Sierra Leone3,162,000
Singapore6,283,200
Solomon Islands217,600
Somalia2,346,000
South Africa43,248,000
Spain56,814,000
Sri Lanka12,138,000
Sudan8,976,000
Suriname2,550,000
Swaziland1,224,000
Sweden45,900,000
Syrian Arab Republic6,426,000
Tanzania5,610,000
Thailand18,462,000
Togo1,938,000
Trinidad and Tobago8,364,000
Tunisia6,426,000
Turkey20,400,000
Uganda5,100,000
United Arab Emirates13,776,800
United Kingdom298,350,000
United States857,310,000
Upper Volta1,632,000
Uruguay8,568,000
Venezuela67,320,000
Viet Nam9,180,000
Western Samoa306,000
Yemen Arab Republic1,326,000
Yemen, People’s Democratic Republic of4,182,000
Yugoslavia28,254,000
Zaire15,504,000
Zambia14,382,000
Zimbabwe10,200,000
Total4,052,494,000
Table I.15.Transfers of Special Drawing Rights, January 1, 1970–April 30, 1981

(In millions of SDRs)

Annual Average

Jan. 1, 1970–

Apr. 30, 1975
Financial Years Ended April 30Total

Jan. 1, 1970–

Apr.30, 1981
197619771978197919801981
Transfers among participants and other holders
Transactions by agreement4191763179271,5333624185,968
Transactions with designation
From holdings26029211654743463922,675
From purchases of SDRs from Fund33441,0061,0251,4903,855
6784684361,3252,6131,7332,30112,497
General Resources Account
Transfers from participants
Repurchases (net)218440738445029949304,945
Charges (net)523547098017155535743,981
Quota payments2011915,0915,312
Assessments121121214
Interest received on General
Resources Account holdings92123405782266540
2808178051,8871,2951,6306,86214,791
Transfers to participants and other holders
Purchases57443256621,1061,2832,0335,855
Reconstitution181404445474755201,851
Replenishment of participants’ currencies27145
Remuneration111024122136140220714
Distribution of net income317
Interest, transfer charges on Fund borrowings829122150121
Repayments of Fund borrowings3864161263
Other6823413379
1858654951,2871,3751,5132,8249,345
Total transfers1,1432,1501,7364,4995,2834,87711,98836,633
General Resources Account holdings at end of period5104617711,3711,2901,4075,4455,445

Including amounts acquired as part of purchases.

Transfers to enable participants to pay charges in the General Resources Account.

Transfers to enable participants to pay quota increases.

Including amounts acquired as part of purchases.

Transfers to enable participants to pay charges in the General Resources Account.

Transfers to enable participants to pay quota increases.

Table I.16.Summary of Transactions and Operations in Special Drawing Rights, Financial Year Ended April 30, 1981

(In thousands of SDRs)

Positions at April 30, 1981
HoldersTotal

Holdings

April 30, 1980
Allocation

Jan. 1. 1981
Receipts from

Participants

and Other Holders
Transfers

to

Participants

and

Other Holders
Receipts

from the

General

Resources

Account
Transfers

to the

General

Resources

Account
Interest,

Charges,

and

Assessment (Net)
HoldingsNet

cumulative

allocations
Holdings as

per cent

of net

cumulative

allocations
DesignatedOther
Participants
Afghanistan17,7374,59085,625-65316,05726,70360.1
Algeria108,43629,07011,47914635,625-186113,320128,64088.1
Argentina319,25554,57024,3032,90866,875+3,391337,552318,370106.0
Australia29,26180,58076,856107,752-35,48843,457470,5459.2
Austria197,62033,6605,00012,20741,250+4,741211,978179,045118.4
Bahamas6,8633,3664,125-1595,94510,23058.1
Bahrain. 4,2522,0402,500-843,7076,20059.8
Bangladesh21,98915,5043,70069,67071,48829,450-2,05411,50647,12024.4
Barbados4,5571,7343,037-2872,9678,03936.9
Belgium585,88590,78025,169111,250+ 15,991606,575485,246125.0
Benin3,7081,6322,000-4582,8829,40930.6
Bolivia3,2094,5904,53314,36313,9939,348-2,08053526,7032.0
Botswana3,4399181,670621,125+ 184,9824,359114.3
Brazil379,49667,8302,3004,36883,125+5,662376,531358,670105.0
Burma5,5337,44623,5005,50024,198-3,0613,72043,4748.6
Burundi7,3242,3463,303-5115,85613,69742.8
Cameroon4954,5903835,6247,463-1,8781,75124,4637.2
Canada590,933138,414106,257169,625-14,955438,511779,29056.3
Cape Verde20120449250-2817662028.5
Central African Republic1,8001,6321,1612102,2365,648-7542179,3252.3
Chad8711,6326501,6703,900-7261979,4092.1
Chile40,76822,13454,84182,083-7,17828,482121,92423.4
China, People’s Republic of114,386122,400579,848619,080263,690+14412,472236,8005.3
Colombia103,32219,68610,8852,49824,125+519112,784114,27198.7
Comoros478238665772775-36127161.6
Congo2,4221,7342902,1224,919-6859649,7199.9
Costa Rica5,5404,1822,5503,2505,09511,566-1,85869223,7262.9
Cyprus8,8483,4688,52115,100-6605,07719,43826.1
Denmark175,63931,62068738,750+ 1,346170,542178,86495.3
Djibouti4543881503475-434761,17840.4
Dominica17719780204186353-36475927.9
Dominican Republic5,3475,6103,9199,860-2,2502,76631,5858.8
Ecuador26,4727,1402,456638,750-17027.21132,92982.6
Egypt13,58623,25625,48441,454-10,28210.590135,9247.8
El Salvador644,3862,44711,03512,1505,706-2,05824824,9851.0
Equatorial Guinea1,4531,0206,4006,9082,165-3804365,8127.5
Ethiopia3,6303,6722,0856,146-5472,69511,16024.1
Fiji5,1271,8362,415-944,4556,95864.0
Finland117,99426,72437,979-1,346105,393142,69073.9
France883,674195,738209,2087,184239,875-5501,055,3801,079,87097.7
Gabon10,1033,0604,6342748,25514,09158.6
Gambia, The1,352918361,4743315015,1219.8
Germany, Fed. Rep. of1,797,836219,91257,000310,94385,941269,500+64,0431,644,2901,210,760135.8
Ghana21,85310,81224,858-3,9573,85062,9836.1
Greece2,46418,8706,62023,12441,302-8,2621,514103,5441.5
Grenada218306251374921-5916893018.1
Guatemala23,7395,2021,8003626375-2124,70727,67889.3
Guinea2,1093,0602,4254,648-1,2831,66417,6049.5
Guinea-Bissau4634016036076552-62261,2122.2
Guyana1,8292,55060011,93815,6367,030-1,09055714,5303.8
Haiti7,5052,34610,0005,8104,011-78086913,6976.3
Honduras10,8313,4686,0004,965-9262,40819,05712.6
Iceland2,8992,95813,60618,009-1,081372164092.3
India523,023116,7908,000211,000211,000157,978-9,787480,747681,17070.6
Indonesia185,11548,96041,12964060,000-1,409214,436238,95689.7
Iran238,78244,8801,669+3,882289,213244,056118.5
Iraq109,04015,9191,43823,275+4,613107,73468,464157.4
Ireland88,26515,8102,17219,375+1,06687,93987,263100.8
Israel27,50820,91080,000101,376-7,46219,581106,36018.4
Italy617,196126,48057,0001,812155,000+2,814650,303702,40092.6
Ivory Coast12,2247,75250,09050,20110,305-2,0487,73337,82820.4
Jamaica2397,54812,14228,38149,37829,696-3,2517,97840,61319.6
Japan1,514,966169,21865,187207,375+72,3671,614,364891,690181.0
Jordan15,2243,0601983,750+914,74016,88787.3
Kampuchea, Democratic3,7781,700-9404,53815,41729.4
Kenya87,7267,03857,6368,34823,591+53322,41736,99060.6
Korea30,41917,401217,624260,32373,518-3,78513,21772,91118.1
Kuwait26,7442,00039,57539,575+1528,75926,744107.5
Lao People’s Democratic Republic6691,632848006,1686,993-717439,4090.5
Lebanon2,4961,8971,4793,975-901,8074,39341.1
Lesotho1,722714875-1551,4063,73937.6
Liberia2,6033,7741,5627,5999,4557,738-1,62942821,0072.0
Libyan Arab Jamahiriya57,40020,29137,4381,69228,350+2,29890,76958,771154.4
Luxembourg14,8863,1623123,875-1614,46816,95585.3
Madagascar1613,46815015,70022,8798,667-1,43086119,2704.5
Malawi4,2341,9381015,412-69316810,9751.5
Malaysia119,54425,8068,7341,18931,625+202123,850139,04889.1
Maldives18795125-515328254.0
Mali3,2342,7541,1145,350-1,10065215,9124.1
Malta12,6852,0405006522,500+33013,70711,288121.4
Mauritania2,3211,7349973,791-6725899,7196.1
Mauritius1,2892,7549,36117,6588,397-1,1782,76515,74417.6
Mexico145,3755457059,550127,658-8,694123,144290.02042.5
Morocco23,62815,300172,409177,74533,2745,6075,38385,6896.3
Nepal2,9001,938center10,49010*4903,526-4288858,10510.9
Netherlands515,46996,69639,82736,214118,500+5,908575,614530,340108.5
New Zealand21,99423,66410,00031,26055,651-9,86721,400141,32215.1
Nicaragua3,2903,4681,9002,4829,241-1,42048019,4812.5
Niger7,6991,6321282,000-697,3909,40978.5
Nigeria156,32636,72024,44821,00645,000+3,070196,570157,155125.1
Norway179,82830,09017,17611,21236,875+3,785205,216167,770122.3
Oman4,9011,3601,0001912,500-264,9266,26278.7
Pakistan45,67429,07042,85891,71856,793-10,22756,584169,98933.3
Panama4,8014,5905,80018412,194-1,8051,37626,3225.2
Papua New Guinea4,5663,0603,5938,255-5432,4229,30026.0
Paraguay11,8232,3461,9002022,875+4713,44313,69798.1
Peru21,33816,728111,502161125,738-5,60618,38591,31920.1
Philippines28,12821,42018,09146,99569,753-8,407292116,5950.3
Portugal14,23817,54414,47438,718-3,1254,41253,3208.3
Qatar8,6254,5026566,550-1457,08812,82255.3
Romania20,63824,99012,000101,24098,64046,981-4,8373,21075,9504.2
Rwanda6,6252,3461,2002,744222,875-3919,67113,69770.6
São Tomé and Principe416204250-936162058.2
Saudi Arabia255,54970,72743,72892,479110,025+13,382365,839195,527187.1
Senegal6,7604,28414,14714,9898,646-1,6131,62724,4626.7
Seychelles217136175-1216640640.9
Sierra Leone7393,1623,6008,8047,671-1,3399517,4550.5
Singapore18,2666,2836,90080510,850+99522,39916,475136.0
Solomon Islands2412181,0002275+421,229654187.7
Somalia8,5112,3463,100-3947,36313,69753.8
South Africa59,68043,24862,38354,014-10,494100,803220,36045.7
Spain298,13556,81412,20995,511+2,517274,163298,80591.8
Sri Lanka25,61412,13810,21321,90020,74138,053-4,6314,12170,8685.8
St. Lucia374367450784-2738174251.3
St. Vincent177177200336-721035459.4
Sudan19,3898,97613,20020,21525,162-3,3996,81952,19213.1
Suriname5,1992,5508003,125-955,3297,75068.8
Swaziland3,2651,224551,500-2392,8056,43243.6
Sweden227,67445,9004,78956,250+745222,858246,52590.4
Syrian Arab Republic17,6546,4267,906-1,46614,70836,56440.2
Tanzania2,8635,6103,60013,90018,43412,939-2,4681,19931,3723.8
Thailand52,88118,46265,350-4,0341,95884,6522.3
Togo8,2121,93810,58310,6652,770-1747,28810,97566.4
Trinidad and Tobago44,3678,3645,60010,250+46448,54546,231105.0
Tunisia20,3646,4268,558-1,04317,18934,24350.2
Turkey24,637-20,40047,64714,60049,73187,093-6.88433,838112,30730.1
Uganda1,9835,1002,8804,1006,2478,980-2,39573629,3962.5
United Arab Emirates29,04113,7775,7501.26683820,650-37427,11638,73770.0
United Kingdom895,649298,350506,277842,031-86,107772,1381,913,07040.4
United States2,855,425857,310551,66012,5891,050,625-129,7563,096,6034,899,53063.2
Upper Volta7,7461,632902,000-687,4009,40978.6
Uruguay35,5298,5682,80010,553-94135,40349,97770.8
Venezuela346,31467,3203,90020,69682,500+6,728362,459316,890114.4
Viet Nam19,5869,18028,40031,09427,915-2,97856847,6581.2
Western Samoa17730620070480811-752071,14218.1
Yemen Arab Republic11,6251,3263291,625+61412,2696,160199.2
Yemen, People’s Dem. Rep. of6,6314,1822,5159,337-1,4712,52022,58311.2
Yugoslavia55,09928,25422,72752,22994,869-8,6789,308155,1616.0
Zaïre4,57515,5047,30047,40070,87141,585-6,4962,76986,3093.2
Zambia13,02814,38213,1728,00018,65842,148-5,2253,86568,2985.7
Zimbabwe10,20032,49017,50017,59432,771+3210,04510,20098.5
Total Participants15,973,8394,052,4941,882,850416,9662,301,3162,826,9246,607,676-267,80215,976,27821,433,330
General Resources Account1,406,9976,607,6762,837,080+267,4145,445,008
Other Holders
East Caribbean Currency Authority500+23523
Nordic Investment Bank1,000+41,004
Swiss National Bank10,156+36110,517
Total Other Holders1,50010,156+38812,045
Total17,380,8364,052,4941,882,850418,4662,301,3169,444,7569,444,75621,433,33021,433,330
Table I.17.Currencies Transferred for Special Drawing Rights, January 1,1970-April 30,1981

(In millions of SDRs)

Annual Average

Jan. 1, 1970-

Apr. 30, 1975
Financial Years Ended April 30Total

Jan. 1, 1970-

Apr. 30, 1981
197619771978197919801981
Transactions with designation
Belgian francs Provided directly to participants0.21.0
Deutsche mark
Exchanged for U.S. dollars1.02.010.017.0
French francs
Provided directly to participants4.919.025.525.658.6154.6
Exchanged for deutsche mark.—12.614.226.8
Exchanged for pounds sterling1.58.0
Exchanged for U.S. dollars26.580.516.05.075.0121.1136.4572.9
32.980.535.05.0113.2146.8209.2762.4
Italian lire
Provided directly to participants0.84.0
Mexican pesos
Exchanged for U.S. dollars0.21.0
Pounds sterling
Provided directly to participants26.91.541.22.621.8210.7
Exchanged for French francs1.58.0
Exchanged for U.S. dollars20.74.019.3131.9
48.84.020.841.22.621.8350.6
U.S. dollars
Provided directly to participants171.5207.261.0383.1881.81,042.11,634.8-5,124.9
Exchanged for deutsche mark37.5155.0192.5
Exchanged for French francs1.625.017.150.8
Exchanged for Japanese yen6.36.3
Exchanged for pounds sterling3.619.0
176.7207.261.0383.1925.61,222.11,651.95,393.4
Total259.4291.7118.8398.11,079.91,371.51,882.96,529.4
Transactions by agreement
Australian dollars1.01.0
Belgian francs17.567.9165.942.5369.9
Danish kroner13.068.2
Deutsche mark42.030.429.4110.5740.555.199.31,289.1
French francs110.378.32.7669.6
Japanese yen500.0500.0
Netherlands guilders52.8281.8
Pounds sterling63.2336.8
U.S. dollars120.1119.0815.9292.5264.2319.12,451.3
Total418.8176.6317.1927.41,533.0361.8418.55,967.7
Table I.18.Publications Issued, Financial Year Ended April 30,1981
Reports and Other Documents
Annual Report of the Executive Board for the Financial Year Ended April 30, 1980

(English, French, German, and Spanish). Free
Annual Report on Exchange Arrangements and Exchange Restrictions, 1980

One copy free; additional copies US$7.00 each.
By-Laws, Rules and Regulations

Thirty-Seventh Issue (English, French, and Spanish). Free
Summary Proceedings of the Thirty-Fifth Annual Meeting of the Board of Governors Free
Subscription Publications
Balance of Payments Statistics

Vol. 32. Annual, 12 monthly booklets, and supplement. US$26.00 a year. US$10.00 to university libraries, faculty members, and students.
Direction of Trade

Monthly, with Yearbook

US$21.00 a year. US$8.00 to university libraries, faculty members, and students.
International Financial Statistics

Monthly, with Yearbook (English, French, and Spanish).

US$52.00 a year. US$21.00 to university libraries, faculty members, and students.
Staff Papers

Four times a year. US$9.00 a year. US$4.00 to university libraries, faculty members, and students.
University libraries, faculty members, and students may obtain the four publications listed above at the reduced rate of US$40.00 for all four publications.
Government Finance Statistics Yearbook

Vol. IV, 1980. (Introduction and titles of lines in English, French, and Spanish). US$13.00 a year. US$5.00 to university libraries, faculty members, and students.
For users of Fund publications that have access to a computer, tape subscriptions to the Balance of Payments Statistics, Direction of Trade, Government Finance Statistics Yearbook, and International Financial Statistics are available at US$1,000.00 a year each. This price includes the book version. The price to universities is US$400.00 a year for each publication.
Occasional Papers
World Economic Outlook: A Survey by the Staff of the International Monetary Fund (English, French, and Spanish). Free
No. 1 International Capital Markets: Recent Developments and Short-Term Prospects

By a staff team headed by R.C. Williams (English). Free.
No. 2 Economic Stabilization and Growth in Portugal By Hans O. Schmitt (English). Free
Pamphlet Series
No. 26 SDRs, Gold, and Currencies: Third Survey of New Legal Developments

By Joseph Gold (Spanish). Free
No. 27 Financial Assistance by the International Monetary Fund: Law and Practice (Second Edition)

By Joseph Gold (French and Spanish). Free
No. 29 Macroeconomic Accounts: An Overview

By Poul Høst-Madsen (French and Spanish). Free
No. 31 Conditionality

By Joseph Gold (French and Spanish). Free
No. 32 The Rule of Law in the International Monetary Fund By Joseph Gold (English). Free
No. 33 SDRs, Currencies, and Gold: Fourth Survey of New Legal Developments

By Joseph Gold (English). Free
No. 34 Compensatory Financing Facility

By Louis M. Goreux (English, French, and Spanish). Free.
No. 35 The Legal Character of the Fund’s Stand-By Arrangements and Why It Matters

By Joseph Gold (English). Free
Other
Finance & Development.

Issued jointly with IBRD; quarterly (English, Arabic, French, German, and Spanish). Free
IMF Survey

Twice monthly but only once in December (English, French, and Spanish). Private firms and individuals are charged for delivery at the annual rate of US$15.00.

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