At the end of June 2003, official international reserves made up LTL 8,380.8 million (EUR 2,427.3 million, USD 2,775.7 million). In the course of one month they increased by LTL 192.2 million, i.e. 2.3 per cent.
At the end of June 2003, official international reserves made up LTL 8,380.8 million (EUR 2,427.3 million, USD 2,775.7 million). In the course of one month they increased by LTL 192.2 million, i.e. 2.3 per cent.
The main reason for the increase of the official reserves was Bank of Lithuania operations with commercial banks and the central government. Net purchase of foreign exchange by the Bank of Lithuania from commercial banks was LTL 156.6 million in June. Reserves were also boosted by the net income of the Bank of Lithuania from investment in foreign exchange and the strengthening of the US dollar against the litas.
The official reserves were pushed down by LTL 30.2 million by repurchase transactions with non-residents.
| 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 | |||||||||||||
| 05/2003 | 2,787.8 | 2,371.6 | 8,188.6 | 200.1 | 0.186 | 0.1 | 0.1 | 7,988.4 | 1,699.7 | 237.0 | 1,462.7 | 6,288.7 | - | - | |
| 06/2003 | 2,775.5 | 2,427.3 | 8,380.8 | 194.1 | 0.186 | 0.4 | 0.1 | 8,186.3 | 1,064.1 | 227.2 | 836.9 | 7,122.2 | - | - | |
| 06 - 05/2003 | |||||||||||||||
| Change: | in millions | -12.3 | 55.7 | 192.2 | -6.0 | - | 0.3 | 0.0 | 197.8 | -635.6 | -9.9 | -625.7 | 833.4 | - | - |
| in per cent | -0.4 | 2.3 | 2.3 | -3.0 | - | 578.7 | 2.2 | 2.5 | -37.4 | -4.2 | -42.8 | 13.3 | - | - | |
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.