Reserve Bank of Australia Annual Report – 1993 Financial Statements Special Reserve – International Monetary Fund Special Drawing Rights

Note 4 Special Reserve – International Monetary Fund Special Drawing Rights

This liability represents International Monetary Fund Special Drawing Rights allocated to Australia and transferred to the Bank by the Commonwealth, less net charges of the International Monetary Fund payable by the Commonwealth which have been debited to this account. At 30 June 1993 the item related to 63,629,860 Special Drawing Rights (112,676,260 Special Drawing Rights at 30 June 1992), which were converted to Australian dollars at the rate of exchange current at that date.