Section 8—Foreign exchange accounts
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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 $22,482 million as at March 31, 2016 ($20,267 million as at March 31, 2015); details relating to these obligations are presented in 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.
The table presents, in dollars, the foreign exchange accounts. It consists of five columns: a detailled listing of components; April 1 of the current year; Payments and other charges; Receipts and other credits; March 31 of the current year. The first series of rows presents the foreign exchange accounts. The second series of rows presents the subtraction of notes payable and special drawing rights allocations. A final row presents the total for the table.
|April 1, 2015||Payments and other charges||Receipts and other credits||March 31, 2016|
|International reserves held in the Exchange Fund Account, Table 8.2||91,960,777,304||38,954,679,588||29,535,995,741||101,379,461,151|
|International Monetary Fund—Subscriptions||11,128,648,392||9,048,217,276||7,207,510||20,169,658,158|
|International Monetary Fund—Loans||1,353,466,909||188,723,131||264,189,523||1,278,000,517|
|International Monetary Fund—Notes payable||8,961,839,800||237,839,800||9,608,452,000||18,332,452,000|
|Special drawing rights allocations||10,462,733,361||–||493,238,183||10,955,971,544|
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