International Reserves, February 2004
At the end of February 2004, international reserves made up LTL 9,036.2 million (EUR 2,617.1 million, USD 3,269.9 million). In the course of one month they decreased by LTL 330.4 million, i.e. 3.5 per cent.
The main reason behind the decrease was the operations of the Bank of Lithuania with central government institutions, which pushed the reserves down by LTL 174.0 million. A factor reducing international reserves was the net sale of foreign exchange to commercial banks of LTL 155.4 million and the decline of repurchase transactions with non-residents of LTL 32.2 million. Reserves were pushed up in February by an LTL 13.0 million increase in commercial bank required reserves in foreign exchange 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
|02 - 01/2004|
|in per cent||-3.6||-3.5||-3.5||-2.2||0.0||-80.2||0.2||-3.6||98.8||62.9||243.0||-17.1||-||-|
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.