Title page
PRINCIPALITY OF LIECHTENSTEIN
STAFF REPORT FOR THE 2025 ARTICLE IV CONSULTATION—INFORMATIONAL ANNEX
March 3, 2025
Prepared By
European Department
Contents
FUND RELATIONS
Fund Relations
(As of January 31, 2025)
Membership Status: Joined October 21, 2024.
|
General Resources Account: |
SDR Million |
Percent of Quota |
|
Quota |
100.00 |
100.00 |
|
Reserve position in Fund |
0.00 |
0.00 |
|
SDR Department: |
SDR Million |
Percent Allocation |
|
Net cumulative allocation |
136.68 |
100.00 |
|
Holdings |
136.68 |
100.00 |
|
General Resources Account: |
SDR Million |
Percent of Quota |
|
Quota |
100.00 |
100.00 |
|
Reserve position in Fund |
0.00 |
0.00 |
|
SDR Department: |
SDR Million |
Percent Allocation |
|
Net cumulative allocation |
136.68 |
100.00 |
|
Holdings |
136.68 |
100.00 |
Outstanding Purchases and Loans: None
Latest Financial Commitments: None
Overdue Obligations and Projected Payments to Fund1
(SDR Million; based on existing use of resources and present holdings of SDRs):
|
Forthcoming 2025 2026 2027 2028 2029 | |
|---|---|
|
Principal Charges/Interest Total |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
|
Forthcoming 2025 2026 2027 2028 2029 | |
|---|---|
|
Principal Charges/Interest Total |
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
Exchange Rate Arrangement
The exchange rate arrangement of the Principality of Liechtenstein is an exchange arrangement with no separate legal tender. Liechtenstein’s legal tender is the Swiss Franc. There is no central monetary institution in Liechtenstein. The Swiss franc was introduced as legal tender officially in 1924; on June 19, 1980, Liechtenstein signed a currency treaty with the Swiss Confederation (in effect on November 25, 1981) formalizing the monetary arrangement between Switzerland and Liechtenstein. The treaty recognized that Liechtenstein has legally adopted the Swiss Franc as its official currency and authorizes Liechtenstein to issue, in agreement with Switzerland, Swiss Franc coins, while not permitting Liechtenstein to issue Swiss Franc banknotes. Under the currency treaty, all relevant Swiss legal acts about money, credit, and currency issues automatically apply to Liechtenstein, unless special agreements are concluded between relevant Liechtenstein and Swiss authorities. At present, foreign exchange transactions in Liechtenstein are conducted through licensed commercial banks., investment firms, payment institutions, and foreign exchange bureaus.
Liechtenstein has accepted the obligations under Article VIII, Sections 2(a), 3 and 4 of the IMF's Articles of Agreement and maintains an exchange system free of multiple currency practices and of restrictions on the making of payments and transfers for current international transactions, except for those measures imposed solely for security reasons which have been notified to the Fund pursuant to Executive Board Decision No. 144 (52/51).