International Reserves of March 2002
At the
end of March 2002, international reserves made up LTL 6,875.5 million (USD
1,739.5 million, EUR 1,991.3 million). In the course of one month they decreased
by LTL 379.3 million, or 5.2 percent.
The main reason behind the decrease was the decline of Bank
of Lithuania repo transactions with non-residents by LTL 580.6 million. The
reserves were also pushed down by the decline of the US dollar against the euro
and repayment of a part of the IMF loan. The decrease of international reserves
was partly slowed down by net purchases of foreign exchange from commercial
banks of LTL 187.5 million. Reserves were also boosted by Bank of Lithuania
foreign exchange operations with the Central Government, net income of the Bank
of Lithuania from investment in foreign currencies and a LTL 8.1 million
increase in commercial bank reserve requirements in foreign currencies.
At the
end of March 2002, international reserves made up LTL 6,875.5 million (USD
1,739.5 million, EUR 1,991.3 million). In the course of one month they decreased
by LTL 379.3 million, or 5.2 percent.
The main reason behind the decrease was the decline of Bank
of Lithuania repo transactions with non-residents by LTL 580.6 million. The
reserves were also pushed down by the decline of the US dollar against the euro
and repayment of a part of the IMF loan. The decrease of international reserves
was partly slowed down by net purchases of foreign exchange from commercial
banks of LTL 187.5 million. Reserves were also boosted by Bank of Lithuania
foreign exchange operations with the Central Government, net income of the Bank
of Lithuania from investment in foreign currencies and a LTL 8.1 million
increase in commercial bank reserve requirements in foreign currencies.
