International Reserves (April 2003)
At the end of April 2003, international reserves made up LTL 8,321.5 million (EUR 2,410.1 million, USD 2,643.2 million).In the course of one month they decreased by LTL 1,001.3 million, i.e. 10.7 per cent.
The main reason behind the decrease was the decline of deposits of central government institutions in foreign currencies by LTL 1,164.3 million, part of which were used to redeem the EUR 250 million Eurobond issue of 1999.A factor reducing international reserves was the net sale of foreign exchange to commercial banks of LTL 179.5 million and the decline of the US dollar against the litas.The reserves were pushed up by LTL 111.8 million by Bank of Lithuania repurchase transactions with non-residents and net inflows of the Bank of Lithuania from investment in foreign currencies.
|(LTL millions, unless otherwise indicated; end of period)|
|Official reserve assets|
|Total||Currency and deposits||Securities||Financial
and the BIS
|04 - 03/2003|
|in per cent||-8.5||-10.7||-10.7||-2.3||-||-90.7||-1.4||-10.8||-16.6||3.6||-19.6||-9.7||-||-|
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.