At the end of March 2003, international reserves made up LTL 9,322.8 million (EUR 2,700.1 million, USD 2,887.5 million). In the course of one month they increased by LTL 948.0 million, i.e. 11.3 per cent.
The main reason behind the increase was the transfer of funds to central government
At the end of March 2003, international reserves made up LTL 9,322.8 million (EUR 2,700.1 million, USD 2,887.5 million).In the course of one month they increased by LTL 948.0 million, i.e. 11.3 per cent.
The main reason behind the increase was the transfer of funds to central government accounts at the Bank of Lithuania from the EUR 400-million ten-year Eurobond placement in international markets.A factor reducing international reserves was the net sale of foreign exchange to commercial banks of LTL 134.0 million and the decline of repurchase transactions with non-residents of LTL 226.3 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 | |||||||||||||
| 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 | - | - | |
| 03/2003 | 2,887.5 | 2,700.1 | 9,322.8 | 201.6 | 0.186 | 13.3 | 0.1 | 9,107.8 | 1,476.7 | 191.6 | 1,285.1 | 7,631.1 | - | - | |
| 03 - 02/2003 | |||||||||||||||
| Change: | in millions | 271.2 | 274.6 | 948.0 | -5.6 | - | 13.3 | 0.0 | 940.3 | 11.7 | -9.1 | 20.7 | 928.6 | - | - |
| in per cent | 10.4 | 11.3 | 11.3 | -2.7 | - | 31671.2 | 0.5 | 11.5 | 0.8 | -4.5 | 1.6 | 13.9 | - | - | |
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.