Spain: Official International Reserves, 1982–87
|(In millions of U.S. dollars)|
|Net official reserves||11,046.3||10,726.2||15,213.0||13,300.9||16,001.4||17,620.5||22,275.4||28,070.7|
|Liabilities to IMF||5.5||—||—||—||—||—||—||—|
|(In months of imports)2|
|Net official reserves||4.4||4.7||6.7||5.7||5.8||—||—||7.6|
In December 1981, gold was revalued in Spanish statistics to US$251 per ounce. Subsequent adjustments have been based on the following rule: (1) if the accounting price is greater than 80 percent of the market price it is to be revised downward until it is equal to the latter, these adjustments are to be made on a monthly basis; (2) if the market price is over 50 percent higher than the accounting price, the latter is to be adjusted upward, with the change being equal to the percentage increase in excess of 50, these adjustments are to be made on an annual basis.
Imports of goods during the corresponding calendar year.