Bank of Lithuania
2003-12-05

At the end of November 2003, international reserves made up LTL 8,971.7 million (EUR 2,598.4 million, USD 3,098.0 million). In the course of one month they decreased by LTL 301.2 million, i.e. 3.2 per cent.

The main reason behind the decrease was the operations of the Bank of Lithuania with non-residents and central government institutions, which pushed the reserves down by LTL 195.7 million and LTL 121.9 million, respectively. The reserves were also reduced by the decline of the US dollar against the litas. The reserves were pushed up by Bank of Lithuania operations with commercial banks and net inflows from investment in foreign currencies.

(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
10/2003 3,134.1 2,685.6 9,272.9 211.9 0.186 0.2 0.1 9,060.7 1,507.0 269.4 1,237.7 7,553.7 -  -
11/2003 3,098.0 2,598.4 8,971.7 214.7 0.186 0.2 0.1 8,756.8 1,135.1 508.6 626.5 7,621.7 - -
11 - 10/2003
Change: in millions -36.1 -87.2 -301.2 2.8 - 0.0 0.0 -304.0 -372.0 239.2 -611.2 68.0 - -
in per cent -1.2 -3.2 -3.2 1.3 - 4.6 -2.0 -3.4 -24.7 88.8 -49.4 0.9 - -

 

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.