2003-02-07
At the end of January 2003, international reserves made up LTL 8,230.8 million (EUR 2,383.8 million, USD 2,573.6 million). In the course of one month they increased by LTL 218.1 million, i.e. 2.7 per cent.
The main reason behind the increase was the growth of Bank of Lithuania repo transactions with non-residents by LTL 297.5 million. Another source of the increase was the net purchase of foreign exchange from commercial banks of USD 65.9 million. The reserves were pushed down by the repurchases of the Bank of Lithuania from the IMF of LTL 39.2 million done in January. These funds had been allocated to the Bank of Lithuania under the IMF Extended Fund Facility.