International Reserves in October 1999

Over a month, they increased by USD 24.6 million, or by 2 percent. Over a month, they increased by USD 24.6 million, or by 2 percent. In October, the Bank of Lithuania sold to commercial banks USD 82.8 million more than it bought from them. In October, the Bank of Lithuania sold to commercial banks USD 82.8 million more than it bought from them. Arvydas Kreg zde , Deputy Governor of the Bank of Lithuania, said, “a larger than usual sale of the base currency was caused by a seasonal increase of demand for foreign currencies that is related to the purchase of energy resources”. Arvydas Kreg zd e , Deputy Governor of the Bank of Lithuania, said, “a larger than usual sale of the base currency was caused by a seasonal increase of demand for foreign currencies that is related to the purchase of energy resources”. Required reserves of commercial banks in foreign currencies at the end of the month made up USD 101.5 million, the IMF loans to the Bank of Lithuania were USD 91.2 million and the deposits of the central government in foreign currencies were USD 140.3 million. Required reserves of commercial banks in foreign currencies at the end of the month made up USD 101.5 million, the IMF loans to the Bank of Lithuania were USD 91.2 million and the deposits of the central government in foreign currencies were USD 140.3 million.