Reserve Bank of Australia Annual Report – 1987 Financial Statements Special Reserve – International Monetary Fund Special Drawing Rights

Note 4 Special Reserve — International Monetary Fund Special Drawing Rights

This liability represents the IMF special drawing rights allocated to Australia and transferred to the Bank by the Commonwealth, less net charges of the IMF payable by the Commonwealth which have been debited to this account. At 30 June 1987 the item related to 202,456,249 special drawing rights (214,451,521 special drawing rights at 30 June 1986) and was translated to Australian dollars at rates of exchange current at that date.