International Reserves, November 2003
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||Currency and deposits||Securities||Financial
and the BIS
|11 - 10/2003|
|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||-||-|
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.