At the end of August 2002, international reserves made up LTL 7,493.9 million (USD 2,138.5 million, EUR 2,170.4 million). In the course of one month they increased by LTL 105.3 million, or 1.4 percent.
The main reason behind the increase was
At the end of August 2002, international reserves made up LTL 7,493.9 million (USD 2,138.5 million, EUR 2,170.4 million).In the course of one month they increased by LTL 105.3 million, or 1.4 percent.
The main reason behind the increase was net sales of the anchor currency by commercial banks to the Bank of Lithuania of LTL 173.5 million.Reserves were also pushed up by net inflows of the Bank of Lithuania from investment in foreign currencies and an LTL 8.5 million increase in commercial bank reserve requirements in foreign currencies.Operations with central government institutions reduced international reserves by LTL 108.2 million.
| LTL millions, unless otherwise indicated; end of period) |
| Official reserve assets | |||||||||||||||
| Total | Monetary gold2 | Special drawing rights | Reserve position in the IMF | Foreign exchange | Other claims | ||||||||||
| USD millions | EUR millions1 | LTL millions | LTL millions | in fine troy ounces (millions) | Total | Currency and deposits | Securities | Financial derivatives | |||||||
| Total | With monetary authorities and the BIS | With banks | |||||||||||||
| 07/2002 | 2,100.6 | 2,139.9 | 7,388.6 | 200.1 | 0.186 | 203.2 | 0.1 | 6,985.2 | 994.5 | 219.5 | 775.0 | 5,990.7 | ? | ? | |
| 08/2002 | 2,138.5 | 2,170.4 | 7,493.9 | 203.8 | 0.186 | 199.3 | 0.1 | 7,090.7 | 1,513.1 | 215.7 | 1,297.5 | 5,577.6 | ? | ? | |
| 08 - 07/2002 | |||||||||||||||
| Change: | in millions | 37.8 | 30.5 | 105.3 | 3.8 | ? | -4.0 | 0.0 | 105.5 | 518.6 | -3.8 | 522.4 | -413.1 | ? | ? |
| in per cent | 1.8 | 1.4 | 1.4 | 1.9 | ? | -1.9 | -0.5 | 1.5 | 52.1 | -1.7 | 67.4 | -6.9 | ? | ? | |
Notes:
1.XEU till December 31, 1998
2. Since December 2001 gold has been valued once per month on the last working day at the value of London gold price fixing. Previously, gold was valued once per year on the last working day at the lowest value of London gold price fixings during the year, if that value was lower than book value.