International Reserves
of January 2002
At the end of January
2002, international reserves made up USD 1,690.8 million. In the course of one
month they increased by USD 21.6 million, or 1.3 percent.
The main reason for the
increase of international reserves was the operations of the central government
in foreign exchange. Reserves were also pushed up by the commercial bank
reserves, up by USD 5.1 million, net income of the Bank of Lithuania from
foreign exchange investment and by the increased value of gold holdings by USD
0.9 million due to revaluation. The growth of international reserves was slowed
down by the fact that commercial banks bought USD 11.2 million from the Bank of
Lithuania more than they sold to it, partial repayment of the IMF loan and the
decline of foreign currencies against the US dollar.
At the end of January
2002, international reserves made up USD 1,690.8 million. In the course of one
month they increased by USD 21.6 million, or 1.3 percent.
The main reason for the
increase of international reserves was the operations of the central government
in foreign exchange. Reserves were also pushed up by the commercial bank
reserves, up by USD 5.1 million, net income of the Bank of Lithuania from
foreign exchange investment and by the increased value of gold holdings by USD
0.9 million due to revaluation. The growth of international reserves was slowed
down by the fact that commercial banks bought USD 11.2 million from the Bank of
Lithuania more than they sold to it, partial repayment of the IMF loan and the
decline of foreign currencies against the US dollar.
