Summary of Sterling Area Balance of Payments with Non–Sterling Countries, 1953 and 1954
(In millions of pounds sterling)
|Overseas sterling area2||244||74||–170|
|Overseas sterling area3||67||73||+6|
|Change in sterling liabilities (other than to IMF)||17||85||+68|
|Change in U. K. non-dollar and EPU position||9||–81||–90|
|Change in net IMF position4||–60||–65||–5|
|Change in gold and dollar reserves||–266||–93||+173|
|Overseas sterling area5||–26||–6||+20|
No sign indicates credit; minus sign indicates debit.
Estimated as the difference between inter-area transfers with overseas sterling area (Cmd. 9430), plus change in overseas sterling area official gold and dollar holdings (IFS), plus change in net IMF position of overseas sterling area (IFS), and net capital movements to overseas sterling area from United States and IBRD, as described in footnote 3.
Sum of net capital (private and government) movement to overseas sterling area from United States (U. S. balance of payments data) and net movement to overseas sterling area from IBRD (i.e., net amounts of subscriptions to IBRD, IBRD loan disbursements, repayments to IBRD).
United Kingdom:—£56 million (1953) and—£40 million (1954), from Cmd. 9430. Overseas sterling area:—£4 million (1953) and—£25 million (1954), from IFS.
From reserve statistics published in IFS.