2004-09-07
At the end of August 2004, international reserves made up LTL 9,994.2 million (EUR 2,894.5 million, USD 3,478.5 million). In the course of one month they increased by LTL 337.1 million, i.e. 3.5 per cent.
The main reason behind the increase was the growth of Bank of Lithuania repo transactions with non-residents of LTL 316.6 million. Reserves were also pushed up by the appreciation of foreign currencies against the litas (by LTL 13.3 million), the increased value of gold holdings (LTL 10.4 million) due to revaluation and net income of the Bank of Lithuania from foreign exchange investment.
Reserves decreased by LTL 25.8 million due to Bank of Lithuania operations with central government institutions and a LTL 11.4 million decline in commercial bank required reserves in foreign exchange.
| (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 | |||||||||||||
| 07/2004 | 3,373.6 | 2,796.9 | 9,657.0 | 207.5 | 0.186 | 0.9 | 0.1 | 9,448.5 | 1,271.2 | 843.5 | 427.7 | 8,177.4 | - | - | |
| 08/2004 | 3,478.5 | 2,894.5 | 9,994.2 | 217.9 | 0.186 | 0.2 | 0.1 | 9,776.0 | 1,741.1 | 1,233.1 | 508.0 | 8,034.9 | - | - | |
| 08 - 07/2004 | |||||||||||||||
| Change: | in millions | 104.9 | 97.6 | 337.1 | 10.4 | 0.0 | -0.7 | 0.0 | 327.5 | 469.9 | 389.6 | 80.3 | -142.5 | - | - |
| in per cent | 3.1 | 3.5 | 3.5 | 5.0 | -0.1 | -74.2 | 0.7 | 3.5 | 37.0 | 46.2 | 18.8 | -1.7 | - | - | |
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.