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Ottawa, May 5, 1997
1997-043
Official International Reserves
The Department of Finance announced today that Canada's official international reserves decreased by an amount equivalent to U.S. $1,782 million during April to $19,856 million; official government operations decreased reserves by $881 million. Details on the level and composition of Canada's reserves as of April 30, 1997, as well as the major factors underlying the change in reserves, are provided below.
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(Millions of U.S. Dollars) |
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| U.S. Dollars | 16,980 | |
| Other Foreign Currencies | 503 | |
| Gold | 148 | |
| Special Drawing Rights | 1,117 | |
| Reserve Position in IMF | 1,108 | |
| Total: | April 30, 1997 | 19,856 |
| March 31, 1997 | 21,638 | |
| Change | -1,782 | |
| Details of Change | ||
| Foreign Currency Debt(1) | -916 | |
| Gain on Gold Sales(2) | - | |
| Earnings on Investments | +55 | |
| Revaluation Effects | -38 | |
| Official Government Operations | -881 | |
| Other Transactions | -2 | |
| Net Change | -1,782 | |
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| 1) During April, Canada Bills decreased by $696.3 million, to a level of outstanding bills of $5,397.0 million and Canada Notes decreased by $220 million to a level of outstanding notes of $1,312.2 million. 2) On April 30, gold holdings stood at 3.1 million ounces. | ||
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For further information:
Charlie Seeto
(613) 992-6747
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| Last Updated: 2005-01-04 |
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