Chapter

SDR Department

Author(s):
International Monetary Fund
Published Date:
September 2012
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Independent Auditors’ Report

Deloitte.

Deloitte & Touche LLP

Suite 500

555 12th Street N.W.

Washington, DC 20004-1207

USA

Tel: +1 202 879 5600

Fax: +1 202 879 5309

www.deloitte.com

To the Board of Governors of the

International Monetary Fund

Washington, DC

We have audited the accompanying statements of financial position of the Special Drawing Rights Department of the International Monetary Fund (the “Department”) as of April 30, 2012 and 2011, and the related statements of comprehensive income, and of cash flows for the years then ended. These financial statements are the responsibility of the Department’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with International Standards on Auditing and auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Department’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material respects, the financial position of the Special Drawing Rights Department of the International Monetary Fund at April 30, 2012 and 2011, and the results of its operations and its cash flows for the years then ended in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules listed on pages 34 to 39 are presented for the purpose of additional analysis and are not a required part of the basic financial statements. These schedules are the responsibility of the Department’s management. Such schedules have been subjected to the auditing procedures applied in our audits of the basic financial statements and, in our opinion, are fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.

June 21, 2012

Member of

Deloitte Touche Tohmatsu

Statements of financial position at April 30, 2012, and 2011

(In millions of SDRs)

2012201120122011
AssetsLiabilities
Net charges receivable513Net interest payable513
Participants with holdings below allocations (Note 5)Participants with holdings above allocations (Note 5)
Allocations128,992105,342SDR holdings78,074101,760
Less: SDR holdings114,65192,709Less: allocations74,99398,643
Allocations in excess of holdings14,34112,633Holdings in excess of allocations3,0813,117
Holdings by the General Resources Account10,5228,644
Holdings by prescribed holders738872
Total assets14,34612,646Total liabilities14,34612,646
The accompanying notes are an integral part of these financial statements.These financial statements were approved by the Managing Director and the Director of Finance on June 21, 2012.
The accompanying notes are an integral part of these financial statements.These financial statements were approved by the Managing Director and the Director of Finance on June 21, 2012.
/s/ Andrew Tweedie/s/ Christine Lagarde
Director, Finance DepartmentManaging Director

Statements of comprehensive income for the years ended April 30, 2012, and 2011

(In millions of SDRs)

20122011
Revenue
Net charges from participants with holdings below allocations4037
Assessment on SDR allocations23
4240
Expenses
Interest on SDR holdings
Net interest to participants with holdings above allocations1019
General Resources Account2815
Prescribed holders23
4037
Administrative expenses23
4240
Other comprehensive income
Net comprehensive income
The accompanying notes are an integral part of these financial statements.
The accompanying notes are an integral part of these financial statements.

Statements of cash flows for the years ended April 30, 2012, and 2011

(In millions of SDRs)

20122011
Cash flows from operating activities
Receipts of SDRs
SDR allocations2
Transfers among participants and prescribed holders4,3742,421
Transfers from participants and prescribed holders to the General Resources Account2,9776,449
Transfers from the General Resources Account to participants and prescribed holders1,130450
Interest received:
Participants1418
General Resources Account3110
Prescribed holders33
Total receipts of SDRs8,5299,353
Uses of SDRs
Transfers among participants and prescribed holders4,3742,421
Transfers from participants and prescribed holders to the General Resources Account2,9776,449
Transfers from the General Resources Account to participants and prescribed holders1,130450
Charges paid by participants4831
Total uses of SDRs8,5299,351
The accompanying notes are an integral part of these financial statements.
The accompanying notes are an integral part of these financial statements.

Notes to the financial statements for the years ended April 30, 2012, and 2011

1. Nature of operations

The Special Drawing Right (SDR) is an international interest-bearing reserve asset created by the IMF following the First Amendment of the Articles of Agreement in 1969. All transactions and operations involving SDRs are conducted through the SDR Department. The SDR may be allocated by the IMF, as a supplement to existing reserve assets, to members participating in the SDR Department. Its value as a reserve asset derives from the commitments of participants to hold and accept SDRs and to honor various obligations connected with the SDR’s proper functioning as a reserve asset.

The resources of the SDR Department are held separately from the assets of all the other accounts owned, or administered by, the IMF. They may not be used to meet the liabilities, obligations, or losses of the Fund incurred in the operations of the General Department or other accounts, except that the SDR Department reimburses the General Department for expenses incurred in conducting the business of the SDR Department.

At April 30, 2012, and 2011, all members of the IMF were participants in the SDR Department. SDRs have been allocated by the IMF to members that are participants in the SDR Department at the time of the allocation in proportion to their quotas in the IMF. Since the creation of the SDR, three general allocations and one special allocation have been made for a total of SDR 204.0 billion. Upon termination of participation in, or liquidation of, the SDR Department, the IMF will provide to holders the currencies received from the participants in settlement of their obligations. The IMF is empowered to prescribe certain official entities as holders of SDRs; at April 30, 2012, and 2011, 15 institutions were prescribed as holders. Prescribed holders do not participate in SDR allocations.

The SDR is also used by a number of international and regional organizations as a unit of account or as the basis for their units of account. Several international conventions also use the SDR as a unit of account, notably those expressing liability limits for the international transport of goods and services.

Uses of SDRs

Participants and prescribed holders can use and receive SDRs in transactions and operations by agreement among themselves. Participants can also use SDRs in operations and transactions involving the General Resources Account, such as the payment of charges and repurchases. By designating participants to provide freely usable currency in exchange for SDRs, the IMF ensures that a participant can use its SDRs to obtain an equivalent amount of currency if it has a need because of its balance of payments, its reserve position, or developments in its reserves.

Allocations and cancellations of SDRs

The IMF has the authority to provide unconditional liquidity through general allocations of SDRs to participants in the SDR Department in proportion to their quotas in the IMF. The IMF cannot allocate SDRs to itself or to other holders it prescribes. The Articles of Agreement also provide for cancellations of SDRs, although to date there have been no cancellations. In its decisions on general allocations of SDRs, the IMF, as prescribed under its Articles, has sought to meet the long-term global need to supplement existing reserve assets in such a manner as will promote the attainment of the IMF’s purposes and avoid economic stagnation and deflation, as well as excess demand and inflation.

In accordance with the Fourth Amendment, SDRs allocated under the special allocation to participants with overdue obligations to the IMF have been deposited and are held in an escrow account with the SDR Department and will be released to the participants upon the latter’s settlement of all overdue obligations (see Note 5).

2. Basis of preparation and measurement

The financial statements of the SDR Department are prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). The financial statements have been prepared under the historical cost convention. Specific accounting principles and disclosure practices, as set out below, are in accordance with and comply with IFRS and have been applied consistently for all periods presented.

New and Revised International Financial Reporting Standards and Interpretations

Revised IAS 24, “Related Party Disclosures” was issued in November 2009 and superseded IAS 24 (as revised in 2003). The major revisions include simplifying the definition of a related party and providing partial exemption for government-related entities. The revised standard, which became effective for annual periods beginning on or after January 1, 2011, had no impact on the SDR Department’s financial statements.

IFRS 9, “Financial Instruments” was issued in November 2009 as the first step in replacing IAS 39, “Financial Instruments: Recognition and Measurement.” Under IFRS 9, financial assets currently within the scope of IAS 39 will be divided into two categories: those measured at amortized cost and those measured at fair value. The effective date for adoption of IFRS 9 is for annual periods beginning on or after January 1, 2015, but early adoption is permitted. As the SDR Department already measures financial assets at amortized cost, the implementation of IFRS 9 is not expected to have an impact on the SDR Department’s financial position or results of operations.

The following new standards and amendments to existing standards issued by the IASB are expected to have little or no impact on the SDR Department’s financial statements:

Amendments to IAS 1, “Presentation of Items of Other Comprehensive Income” (effective for annual periods beginning on or after July 1, 2012).

Amendments to IFRS 7, “Disclosures – Transfers of Financial Assets” (effective for annual periods beginning on or after July 1, 2011).

Unit of account

The financial statements are presented in Special Drawing Rights (SDRs), which is the IMF’s functional unit of account. The U.S. dollar equivalent of the SDR is determined daily by the IMF by summing specific amounts of the four basket currencies (see below) in U.S. dollar equivalents on the basis of market exchange rates. The IMF reviews the SDR valuation basket at five-year intervals. The last review was completed in November 2010. No changes were made to the basket currencies, but the weights of the four currencies in the basket were changed and became effective on January 1, 2011. The currencies in the basket at April 30, 2012 and 2011 and their specific amounts, relative to one SDR, were as follows:

CurrencyAmount
Euro0.423
Japanese yen12.1
Pound sterling0.111
U.S. dollar0.660

At April 30, 2012, one SDR was equal to US$1.55055 (US$1.62096 at April 30, 2011).

Use of estimates and judgment

The preparation of financial statements requires management to make judgments, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected.

Information about significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amount recognized in the financial statements are described in Note 3.

3. Summary of significant accounting and related policies

Interest and charges

Interest is paid on holdings of SDRs. Charges are levied on each participant’s net cumulative allocations plus any negative balance of the participant or unpaid charges. Interest and charges are levied at the same rate and are settled by crediting and debiting the appropriate individual holdings accounts. The SDR Department is required to pay interest to each SDR holder, whether or not sufficient SDRs are received to meet the payment of interest. If sufficient SDRs are not received because charges are overdue, additional SDRs are temporarily created.

The rate of interest on the SDR is determined by reference to the combined market interest rate, which is a weighted average of yields or rates on short-term instruments in the money markets of the Euro area, Japan, the United Kingdom, and the United States. The combined market interest rate is calculated each Friday, using the yields or rates of that day. The SDR interest rate, which is set equal to the combined market interest rate, enters into effect on the following Monday and applies through the subsequent Sunday. The average SDR interest rate was 0.30 percent for the financial year ended April 30, 2012 (0.35 percent for the financial year ended April 30, 2011).

Overdue obligations

An allowance for losses resulting from overdue SDR obligations would be created if the IMF expected a loss to be incurred; no losses have been incurred during the financial years ended April 30, 2012, and 2011.

4. Overdue charges and assessments

At April 30, 2012, and 2011 no members were six months or more overdue in meeting their financial obligations to the SDR Department.

5. Allocations and holdings

At April 30, 2012, and 2011 net cumulative allocations to participants totaled SDR 204.0 billion. On June 24, 2010, Tuvalu became the 187th member of the IMF and a participant in the SDR Department with a special allocation of SDR 1.7 million. Participants with holdings in excess of their allocations have established a net claim on the SDR Department, which is represented on the balance sheet as a liability. Participants with holdings below their allocations have used part of their allocations, resulting in a net obligation to the SDR Department presented as an asset. Participants’ net SDR positions at April 30, 2012, and 2011, were as follows:

20122011
TotalBelow allocationsAbove allocationsTotalBelow allocationsAbove allocations
(In millions of SDRs)
Cumulative allocations203,985128,99274,993203,985105,34298,643
Holdings of SDRs by participants192,725114,65178,074194,46992,709101,760
Net SDR positions11,26014,341(3,081)9,51612,633(3,117)

A summary of SDR holdings is provided below:

20122011
(In millions of SDRs)
Participants192,725194,469
General Resources Account10,5228,644
Prescribed holders738872
Total holdings203,985203,985

In accordance with the provision of the Fourth Amendment of the IMF’s Articles of Agreement for a special allocation of SDRs, SDRs are held in escrow on behalf of participants with overdue obligations to the General Department and the Poverty Reduction and Growth Trust (PRG Trust). At April 30, 2012 and 2011, SDR 86.7 million was held in escrow for Somalia (SDR 4.2 million), Sudan (SDR 16.1 million), and Zimbabwe (SDR 66.4 million). These amounts would be released to the participants upon the settlement of overdue obligations to the IMF, and their allocations and holdings accordingly adjusted.

6. Related party transactions and administrative expenses

The General Resources Account is a holder of SDRs and conducts operations and transactions with the SDR Department participants. The General Resources Account’s holdings of SDRs amounted to SDR 10.5 billion at April 30, 2012 (SDR 8.6 billion at April 30, 2011); see Schedule 1.

The expenses of conducting the business of the SDR Department are paid by the IMF from the General Resources Account, which is reimbursed by the SDR Department at the end of each financial year (SDR 2.4 million and SDR 2.7 million for the financial years ended April 30, 2012, and 2011, respectively). For this purpose, the SDR Department levies an assessment on all participants in proportion to their net cumulative allocations.

7. Subsequent events

On April 18, 2012, South Sudan became the 188th member of the IMF and a participant in the SDR Department. In accordance with paragraph 2(a) of Schedule M of the IMF’s Articles of Agreement, South Sudan received a special SDR allocation of SDR 105.4 million on May 18, 2012.

Schedule 1: Statements of changes in SDR holdings for the years ended April 30, 2012, and 2011

(In millions of SDRs)

ParticipantsGeneral Resources AccountPrescribed holdersTotal
20122011
Total holdings, beginning of year194,4698,644872203,985203,983
Receipts of SDRs
SDR allocations2
Transfers among participants and prescribed holders
Transactions by agreement2,9211353,0561,585
Operations
Settlement of financial obligations838354
IMF-related operations
PRG Trust loans8080152
PRG Trust borrowing, contributions, and payments63791854352
PRG Trust repayments and interest258258258
PRG-HIPC Trust contributions and interest payments101017
Emergency Assistance, SFF subsidy, and HIPC payments223
Refunds, distributions, and other3111311
Net interest on SDRs1431721
Transfers from participants and prescribed holders to the General Resources Account
Repurchases546546126
Charges2,3402,3401,597
Quota payments89894,379
Interest on SDRs313110
Assessment on SDR allocations223
Reimbursement of expenses111
HIPC debt relief343
Transfers from the General Resources Account to participants and prescribed holders
Purchases58558593
In exchange for currencies of other members Acquisitions to pay charges103103115
Remuneration18818896
Repayments of borrowings3434
Interest on borrowings919132
Refunds, distributions, and other129129114
Total receipts4,2513,0081,2708,5299,353
Uses of SDRs
Transfers among participants and prescribed holders
Transactions by agreement1,8381,2183,0561,585
Operations
Settlement of financial obligations838354
IMF-related operations
PRG Trust loans8080152
PRG Trust borrowings, contributions, and payments79163854352
PRG Trust repayments and interest258258258
PRG-HIPC Trust contributions and interest payments101017
Emergency Assistance, SFF subsidy, and HIPC payments223
Refunds, distributions, and other131311
Transfers from participants and prescribed holders to the General Resources Account
Repurchases546546126
Charges2,3402,3401,597
Quota payments89894,379
Assessment on SDR allocations223
Reimbursement of expenses111
HIPC debt relief343
Transfers from the General Resources Account to participants and prescribed holders
Purchases58558593
In exchange for currencies of other members Acquisitions to pay charges103103115
Remuneration18818896
Repayments of borrowings3434
Interest on borrowings919132
Refunds, distributions, and other129129114
Charges paid in the SDR Department
Net charges due484831
Total uses5,9951,1301,4048,5299,351
Total holdings, end of year192,72510,522738203,985203,985
Ending balances include rounding differences.

Less than SDR 500,000

Ending balances include rounding differences.

Less than SDR 500,000

Schedule 2: Allocations and holdings of participants at April 30, 2012

(In millions of SDRs)

Holdings
ParticipantNet cumulative allocationsTotalPercent of cumulative allocations(+) Above (-) Below allocations
Afghanistan, Islamic Republic of155.3128.382.6(27.1)
Albania46.547.1101.30.6
Algeria1,198.21,074.189.6(124.1)
Angola273.0253.492.8(19.6)
Antigua and Barbuda12.50.42.9(12.1)
Argentina2,020.02,053.0101.633.0
Armenia88.032.236.6(55.8)
Australia3,083.22,940.795.4(142.5)
Austria1,736.31,685.997.1(50.4)
Azerbaijan153.6155.0100.91.4
Bahamas, The124.4114.191.7(10.3)
Bahrain124.4128.1103.03.8
Bangladesh510.4454.689.1(55.8)
Barbados64.456.387.5(8.1)
Belarus368.6380.9103.312.3
Belgium4,323.34,177.496.6(146.0)
Belize17.920.1112.12.2
Benin59.249.784.0(9.5)
Bhutan6.06.4107.30.4
Bolivia164.1164.9100.50.8
Bosnia and Herzegovina160.91.20.8(159.7)
Botswana57.487.0151.529.6
Brazil2,887.12,592.089.8(295.1)
Brunei Darussalam203.5216.5106.413.0
Bulgaria610.9610.9100.01
Burkina Faso57.648.183.6(9.4)
Burundi73.882.9112.29.0
Cambodia83.968.481.5(15.5)
Cameroon177.315.99.0(161.4)
Canada5,988.15,835.297.4(152.9)
Cape Verde9.24.549.1(4.7)
Central African Republic53.42.85.2(50.6)
Chad53.60.10.1(53.5)
Chile816.9790.996.8(26.0)
China6,989.77,820.2111.9830.5
Colombia738.3742.9100.64.6
Comoros8.59.8115.11.3
Congo, Democratic Republic of the510.9352.469.0(158.4)
Congo, Republic of79.770.187.9(9.6)
Costa Rica156.5132.584.7(24.0)
Côte d’Ivoire310.9272.987.8(38.1)
Croatia347.3303.287.3(44.2)
Cyprus132.8105.179.1(27.7)
Czech Republic780.2750.696.2(29.6)
Denmark1,531.51,461.795.4(69.8)
Djibouti15.29.260.8(5.9)
Dominica7.83.848.1(4.1)
Dominican Republic208.815.47.4(193.4)
Ecuador288.414.95.2(273.4)
Egypt898.5819.491.2(79.1)
El Salvador163.8163.8100.01
Equatorial Guinea31.321.067.1(10.3)
Eritrea15.23.623.6(11.6)
Estonia62.062.0100.10.1
Ethiopia127.997.376.0(30.7)
Republic of Fiji67.151.176.1(16.0)
Finland1,189.51,120.694.2(69.0)
France10,134.29,505.693.8(628.6)
Gabon146.7132.890.5(13.9)
Gambia, The29.824.682.5(5.2)
Georgia144.0146.0101.42.0
Germany12,059.211,818.398.0(240.8)
Ghana353.9275.277.8(78.7)
Greece782.4553.270.7(229.2)
Grenada11.210.291.6(0.9)
Guatemala200.9173.586.4(27.4)
Guinea102.560.158.7(42.3)
Guinea-Bissau13.612.491.0(1.2)
Guyana87.14.75.4(82.4)
Haiti78.568.887.7(9.7)
Honduras123.898.479.5(25.4)
Hungary991.1503.350.8(487.7)
Iceland112.295.084.7(17.2)
India3,978.32,885.272.5(1,093.0)
Indonesia1,980.41,761.588.9(218.9)
Iran, Islamic Republic of1,426.11,536.3107.7110.2
Iraq1,134.51,131.999.8(2.6)
Ireland775.4640.482.6(135.0)
Israel883.4827.093.6(56.4)
Italy6,576.15,984.291.0(591.9)
Jamaica261.6204.078.0(57.6)
Japan12,285.012,899.6105.0614.7
Jordan162.1146.490.3(15.6)
Kazakhstan343.7344.6100.30.9
Kenya259.619.97.7(239.7)
Kiribati5.35.3100.21
Korea2,404.42,292.795.4(111.8)
Kosovo55.459.0106.53.6
Kuwait1,315.61,445.5109.9130.0
Kyrgyz Republic84.7108.9128.524.2
Lao People’s Democratic Republic50.751.1100.80.4
Latvia120.888.273.0(32.6)
Lebanon193.3192.599.6(0.8)
Lesotho32.933.9103.21.0
Liberia124.0145.6117.521.6
Libya1,072.71,609.6150.1536.9
Lithuania137.2137.3100.00.1
Luxembourg246.6243.998.9(2.7)
Macedonia, former Yugoslav Republic of65.61.52.4(64.1)
Madagascar117.192.278.7(24.9)
Malawi66.42.33.4(64.1)
Malaysia1,346.11,285.595.5(60.7)
Maldives7.77.090.4(0.7)
Mali89.473.482.1(16.0)
Malta95.491.095.4(4.4)
Marshall Islands3.33.3100.01
Mauritania61.71.01.6(60.7)
Mauritius96.899.9103.23.1
Mexico2,851.22,616.991.8(234.2)
Micronesia, Federated States of4.86.2129.21.4
Moldova117.74.84.1(112.9)
Mongolia48.845.192.5(3.7)
Montenegro25.826.2101.40.4
Morocco561.4391.569.7(169.9)
Mozambique108.8107.098.3(1.8)
Myanmar245.80.50.2(245.2)
Namibia130.45.24.0(125.2)
Nepal68.158.085.1(10.1)
Netherlands4,836.64,685.796.9(150.9)
New Zealand853.8822.396.3(31.4)
Nicaragua124.5111.789.7(12.8)
Niger62.954.386.2(8.7)
Nigeria1,675.41,675.2100.0(0.2)
Norway1,563.11,476.194.4(87.0)
Oman178.8175.197.9(3.7)
Pakistan988.6661.666.9(327.0)
Palau3.03.0100.01
Panama197.0170.986.7(26.1)
Papua New Guinea125.59.57.6(116.0)
Paraguay95.2110.6116.215.4
Peru609.9524.486.0(85.5)
Philippines838.0838.0100.00.1
Poland1,304.61,120.685.9(184.0)
Portugal806.5792.798.3(13.8)
Qatar251.4268.7106.917.3
Romania984.8309.531.4(675.3)
Russian Federation5,671.85,684.6100.212.8
Rwanda76.883.0108.06.2
St. Kitts and Nevis8.58.195.4(0.4)
St. Lucia14.615.4105.80.8
St. Vincent and the Grenadines7.90.79.0(7.2)
Samoa11.112.6113.71.5
San Marino15.515.498.9(0.2)
Sâo Tomé and Príncipe7.13.853.0(3.3)
Saudi Arabia6,682.56,552.998.1(129.6)
Senegal154.8130.284.1(24.6)
Serbia445.06.21.4(438.8)
Seychelles8.36.780.7(1.6)
Sierra Leone99.5116.4117.016.9
Singapore744.2868.0116.6123.8
Slovak Republic340.5326.395.8(14.2)
Slovenia215.9208.796.7(7.2)
Solomon Islands9.99.393.4(0.7)
Somalia46.518.439.6(28.1)
South Africa1,785.41,788.1100.22.7
South Sudan2
Spain2,827.62,666.294.3(161.4)
Sri Lanka395.57.21.8(388.3)
Sudan178.0125.470.4(52.6)
Suriname88.180.691.5(7.5)
Swaziland48.344.492.0(3.9)
Sweden2,249.02,181.397.0(67.7)
Switzerland3,288.03,176.996.6(111.1)
Syrian Arab Republic279.2279.2100.01
Tajikistan82.169.885.0(12.3)
Tanzania190.5155.981.8(34.6)
Thailand970.3973.5100.33.2
Timor-Leste7.77.7100.01
Togo70.359.384.3(11.0)
Tonga6.67.1107.70.5
Trinidad and Tobago321.1275.685.8(45.5)
Tunisia272.8241.888.7(30.9)
Turkey1,071.3975.591.1(95.8)
Turkmenistan69.869.8100.01
Tuvalu1.71.374.4(0.4)
Uganda173.1141.681.8(31.4)
Ukraine1,309.462.24.8(1,247.2)
United Arab Emirates568.4541.995.3(26.5)
United Kingdom10,134.29,560.194.3(574.1)
United States35,315.735,801.6101.4485.9
Uruguay293.3245.683.8(47.6)
Uzbekistan262.8263.2100.20.5
Vanuatu16.31.59.1(14.8)
Venezuela, República Bolivariana de2,543.32,239.288.0(304.0)
Vietnam314.8268.185.2(46.7)
Yemen, Republic of232.3165.471.2(66.9)
Zambia469.1400.285.3(69.0)
Zimbabwe272.293.234.2(179.0)
Above allocations74,993.178,073.8104.13,080.7
Below allocations128,992.2114,650.888.9(14,341.4)
Total participants203,985.3192,724.6
Participants’ holdings held in escrow86.786.7
General Resources Account10,522.3
Prescribed holders738.4
204,072.0204,072.0
The ending balances reflect rounding.

Less than SDR 50,000.

South Sudan became a member of the IMF on April 18, 2012; a special SDR allocation of SDR 105.4 million was made to South Sudan on May 18, 2012.

The ending balances reflect rounding.

Less than SDR 50,000.

South Sudan became a member of the IMF on April 18, 2012; a special SDR allocation of SDR 105.4 million was made to South Sudan on May 18, 2012.

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