International Reserves, March 2004
At the end of March 2004, international reserves made up LTL 9,747.8 million (EUR 2,823.1 million, USD 3,443.6 million). In the course of one month they increased by LTL 711.5 million, i.e. 7.9 per cent.
The main reason behind the increase was the transfer of funds to central government accounts at the Bank of Lithuania from the EUR 600 million ten-year Eurobond placement in international markets. The reserves also increased due to the net purchase of foreign exchange of LTL 27.6 million from commercial banks, an LTL 27.4 increase of commercial bank required reserves in foreign currencies and the net income from Bank of Lithuania investment of foreign exchange.
|(LTL millions, unless otherwise indicated; end of period)|
|Official reserve assets|
|Total||Currency and deposits||Securities||Financial
and the BIS
|03 - 02/2004|
|in per cent||5.3||7.9||7.9||10.5||-||0.7||0.7||7.8||-14.7||-33.1||20.4||15.0||-||-|
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.