Reserve Tranche
Reserve Tranche : Member countries of the International Monetary Fund (IMF) have a reserve tranche position to the extent that their quotas exceed the IMF's holdings of its currency in the General Resources Account, excluding holdings arising out of purchases made by the member under all policies on the use of the IMF's general resources. A member may purchase up to the full amount of its reserve tranche at any time, subject only to the requirement of balance of payments need. A reserve tranche position does not constitute a use of IMF credit and is not subject to charges or to an expectation or obligation to repurchase. See: International Monetary Fund
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