At the end of February 2003, international reserves made up LTL 8,374.8 million (EUR 2,425.5 million, USD 2,616.3 million).In the course of one month they increased by LTL 144.0 million, i.e. 1.7 per cent.
The main reason for the increase of international reserves was Bank of Lithuania operations with commercial banks.Net purchase of the foreign exchange by the Bank of Lithuania from commercial banks was LTL 289.3 million over the month under review.Reserves were also boosted by the net income of the Bank of Lithuania from investment in foreign exchange.International reserves were pushed down by USD 101.8 million through Bank of Lithuania operations with central government institutions and an LTL 69.5 million decline of repo transactions with non-residents, as well as the reduction of the value of gold reserves due to revaluation.
| (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 | |||||||||||||
| 01/2003 | 2,573.6 | 2,383.8 | 8,230.8 | 220.6 | 0.186 | 0.3 | 0.1 | 8,009.9 | 1,598.6 | 220.1 | 1,378.5 | 6,411.3 | - | - | |
| 02/2003 | 2,616.3 | 2,425.5 | 8,374.8 | 207.2 | 0.186 | 0.0 | 0.1 | 8,167.4 | 1,465.0 | 200.7 | 1,264.3 | 6,702.4 | - | - | |
| 02 - 01/2003 | |||||||||||||||
| Change: | in millions | 42.7 | 41.7 | 144.0 | -13.3 | - | -0.2 | 0.0 | 157.5 | -133.6 | -19.5 | -114.1 | 291.1 | - | - |
| in per cent | 1.7 | 1.7 | 1.7 | -6.0 | - | -83.4 | -0.7 | 2.0 | -8.4 | -8.8 | -8.3 | 4.5 | - | - | |
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.