Section 8—Foreign exchange accounts as at March 31
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Table of contents
- International reserves held in the Exchange Fund Account
- International Monetary Fund
- Special drawing rights allocations
- Supplementary statement
Foreign exchange accounts
Foreign exchange accounts represent financial claims and obligations of the Government as a result of Canada's foreign exchange operations. Financial claims and obligations denominated in foreign currencies are reported at Canadian dollar equivalents at March 31. Investment income from the foreign exchange accounts and net gains and losses resulting from the translation of the net assets denominated in foreign currencies, to Canadian dollar equivalents as at March 31, are recorded in foreign exchange net revenues on the Consolidated Statement of Operations and Accumulated Deficit.
Table 8.1 presents the continuity of each foreign exchange account, by showing the opening and closing balances, as well as payments and other charges and receipts and other credits. It should be noted, however, that this table excludes unmatured debt payable in foreign currencies, amounting to $16,049 million as at March 31, 2018 ($17,609 million as at March 31, 2017); details relating to these obligations are presented in Table 6.1 of Section 6 of this volume. A narrative description is provided for accounts reported in some tables. Such descriptions follow the same presentation order as their respective tables.
| April 1, 2017 | Payments and other charges | Receipts and other credits | March 31, 2018 | |
|---|---|---|---|---|
| International reserves held in the Exchange Fund Account, Table 8.2 | 106,667,576,264 | 28,344,804,453 | 29,582,535,430 | 105,429,845,287 |
| International Monetary Fund—Subscriptions | 19,892,296,833 | 754,365,000 | – | 20,646,661,833 |
| International Monetary Fund—Loans | 1,125,087,045 | 27,159,859 | 376,866,304 | 775,380,600 |
| Subtotal | 127,684,960,142 | 29,126,329,312 | 29,959,401,734 | 126,851,887,720 |
| Less: | ||||
| International Monetary Fund—Notes payable | 18,082,200,000 | 1,021,487,288 | 1,638,502,288 | 18,699,215,000 |
| Special drawing rights allocations | 10,805,311,441 | – | 409,764,000 | 11,215,075,441 |
| Subtotal | 28,887,511,441 | 1,021,487,288 | 2,048,266,288 | 29,914,290,441 |
| Total | 98,797,448,701 | 30,147,816,600 | 32,007,668,022 | 96,937,597,279 |
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The dash means that the amount is 0 or is rounded to 0. | ||||