2006-01-09
At the end of December 2005, international reserves made up LTL 11,103.9 million (EUR 3,215.9 million, USD 3,815.5 million). In the course of one month they increased by LTL 721.0 million, i.e. by 6.9 per cent.
The growth of international reserves resulted from higher balances of credit institutions with the Bank of Lithuania and an increase of the currency outside the Bank of Lithuania by LTL 458.3 million and LTL 420.8 million, respectively, and an increase of Bank of Lithuania other liabilities of LTL 20.0 million.
The international reserves were pushed down by a contraction in the Bank of Lithuania foreign liabilities and central government deposits with the Bank of Lithuania by LTL 93.8 million and LTL 84.3 million, respectively.
In the course of 2005 international reserves went up by LTL 1,995.0 million, i.e. 21.9 per cent. The growth of international reserves was affected by an increase of the currency outside the Bank of Lithuania and higher balances of credit institutions with the Bank of Lithuania by LTL 1,120.0 million and LTL 820.4 million, respectively. The factors increasing international reserves were the net increase of Bank of Lithuania other liabilities of LTL 108.5 million and the increase of foreign liabilities of the Bank of Lithuania of LTL 15.5 million. The factor reducing international reserves was the contraction of central government deposits with the Bank of Lithuania of LTL 69.4 million in 2005.