2007-12-07
At the end of November 2007, official reserve assets made up LTL 18.2 billion (EUR 5.3 billion or USD 7.8 billion). Month on month, total amount of official reserve assets decreased by LTL 1.31 billion, while the amount of official reserve assets excluding funds received from repo transactions went down by LTL 140.7 million or 0.8 percent.
The drop in the official reserve assets was driven by a decrease of LTL 1.22 billion litas in external liabilities of the Bank of Lithuania. The main reason behind the decrease was the repayment by the Bank of Lithuania of the funds borrowed under repo transactions. Also, international reserves were pushed down by a decline of currency in circulation and a contraction in central government deposits with the Bank of Lithuania respectively by LTL 182.7 million and LTL 65.6 million.
Official reserve assets grew due to an increase of deposits of other MFIs with the Bank of Lithuania and other factors by LTL 120.1 and LTL 39.3 million, respectively.