IMF, CB numbers don’t tally!

Tuesday, 24 July 2012 01:54 - - {{hitsCtrl.values.hits}}

The cumulative figure of the funding extended via the Stand By Arrangement (SBA) as disclosed by the lender IMF and recipient Central Bank don’t tally.

Yesterday IMF’s statement put the figure as Special Drawing Rights 1.6536 billion (about $ 2.49 billion) whilst the Central Bank’s announcement on Saturday had it as SDR 1.654 billion or $ 2.548 billion. The difference was about 58 million in dollar terms.

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