Bank of Lithuania
2004-04-07

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 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
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 - -
03/2004 3,443.6 2,823.1 9,747.8 223.0 0.186 0.2 0.1 9,524.6 1,815.7 934.0 881.6 7,708.9 - -
03 - 02/2004
Change: in millions 173.7 206.1 711.5 21.1 - 0.0 0.0 690.4 -312.8 -461.9 149.1 1,003.2 - -
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 - -

 

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.