Bank of Lithuania
2004-03-08

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 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
01/2004 3,392.8 2,712.8 9,366.6 206.3 0.186 0.9 0.1 9,159.4 1,070.4 856.9 213.5 8,088.9 - -
02/2004 3,269.9 2,617.1 9,036.2 201.8 0.186 0.2 0.1 8,834.1 2,128.4 1,395.9 732.5 6,705.7 - -
02 - 01/2004
Change: in millions -123.0 -95.7 -330.4 -4.4 0.0 -0.7 0.0 -325.2 1,058.0 539.0 519.0 -1,383.2 - -
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 - -

 

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.