International
Reserves in October 1999
At the end of October 1999 the
international reserves stood at USD 1242.8 million.
At the end of October 1999
the international reserves stood at USD 1242.8 million.
Over a month, they increased by
USD 24.6 million, or by 2 percent.
Over a month, they increased
by USD 24.6 million, or by 2 percent.
In October, the Bank of Lithuania
sold to commercial banks USD 82.8 million more than it bought from them.
In October, the Bank of
Lithuania sold to commercial banks USD 82.8 million more than it bought from
them.
Arvydas Kreg
zde
, Deputy Governor of the Bank of
Lithuania, said, “a larger than usual sale of the base currency was caused by
a seasonal increase of demand for foreign currencies that is related to the
purchase of energy resources”.
Arvydas Kreg
zd
e
, Deputy Governor of the Bank of Lithuania, said, “a larger than usual
sale of the base currency was caused by a seasonal increase of demand for
foreign currencies that is related to the purchase of energy resources”.
Required reserves of commercial banks
in foreign currencies at the end of the month made up USD 101.5 million, the IMF
loans to the Bank of Lithuania were USD 91.2 million and the deposits of the
central government in foreign currencies were USD 140.3 million.
Required reserves of
commercial banks in foreign currencies at the end of the month made up USD 101.5
million, the IMF loans to the Bank of Lithuania were USD 91.2 million and the
deposits of the central government in foreign currencies were USD 140.3 million.
