Bank of Lithuania
2003-05-08

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 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
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 - -
04/2003 2,643.2 2,410.1 8,321.5 197.0 0.186 1.2 0.1 8,123.2 1,231.5 198.4 1,033.0 6,891.7 - -
04 - 03/2003
Change: in millions -244.2 -290.0 -1,001.3 -4.6 - -12.1 0.0 -984.6 -245.2 6.8 -252.1 -739.3 - -
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 - -

 

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.