Special drawing rights allocations

Public Accounts of Canada 2023 Volume I—Top of the page Navigation

This account records the value of SDRs allocated to Canada by the IMF. The SDR is an international reserve asset created by the IMF, and allocated to countries participating in its Special Drawing Rights Department. It represents both an asset and a liability of Canada.

As an asset, SDRs represent rights to purchase currencies of other countries participating in the IMF's Special Drawing Rights Department, as well as to make payments to the IMF itself. All SDRs allocated to Canada by the IMF have either been used to settle subscriptions in the IMF, or have been advanced to the Exchange Fund Account. However, circumstances may arise whereby the IMF decides to recall the SDRs and therefore Canada could be called upon to repay its SDR allocation, in part or in total.

In 2023, receipts and other credits consisted of a valuation adjustment of $1,489 million.

Public Accounts of Canada 2023 Volume I—Bottom of the page Navigation

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