International reserves, November 2002
At the end of November 2002, international reserves made up LTL 7,690.2 million (USD 2,205.6 million, EUR 2,227.2 million).In the course of one month they decreased by LTL 157.2 million, i.e. 2.0 per cent.
The main reason behind the decrease was the operations of the Bank of Lithuania with central government institutions, which pushed the reserves by LTL 132.2 million.This was to a large extent determined by the repayment of loans and interest payments to foreign financial institutions by the Ministry of Finance.Another source of the decrease was the net sale of foreign exchange to commercial banks of LTL 69.7 million.Reserves were pushed up by a LTL 34.1 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||Currency and deposits||Securities||Financial
and the BIS
|11 - 10/2002|
|in per cent||-1.3||-2.0||-2.0||-0.1||-||-0.5||-0.4||-2.1||-6.3||14.8||-8.0||0.4||-||-|
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.