International Reserves, August 2003
At the end of September 2003, international reserves made up LTL 8,500.4 million (EUR 2,461.9 million, USD 2,671.7 million). In the course of one month they increased by LTL 209.5 million, i.e. by 2.5 per cent.
The main reason behind the increase was central government institution operations in foreign exchange with the Bank of Lithuania and an LTL 88.8 million increase of repo transactions with non-residents. Reserves were also pushed up by the appreciation of the US dollar against the litas, the increased value of gold holdings by LTL 19.8 million due to revaluation and net income of the Bank of Lithuania from foreign exchange investment.
A factor reducing international reserves was the net sale of foreign exchange to commercial banks of LTL 23.1 million.
|(LTL millions, unless otherwise indicated; end of period)|
|Official reserve assets|
|Total||Currency and deposits||Securities||Financial
and the BIS
|08 - 07/2003|
|in per cent||-2.7||2.5||2.5||9.9||-||191.8||3.3||2.3||8.1||-4.2||11.1||1.5||-||-|
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.