At the end of December 2003, international reserves made up LTL 9,528.3 million (EUR 2,759.6 million, USD 3,449.7 million).
Published:
9 January 2004 y., Friday
At the end of December 2003, international reserves made up LTL 9,528.3 million (EUR 2,759.6 million, USD 3,449.7 million). In the course of one month they increased by LTL 597.5 million, i.e. by 6.7 per cent.
The main reason behind the increase was the operations of the Bank of Lithuania with central government institutions, which pushed the reserves up by LTL 403.0 million. Another source of the increase was the net purchases of foreign exchange from commercial banks of USD 296.9 million. The official reserves were pushed down by LTL 108.3 million by repurchase transactions with non-residents.
In the course of 2003 international reserves went up by LTL 1,538.5 million, i.e. 19.3 per cent. The increase was determined by Bank of Lithuania operations with central government institutions resulting in reserve increase of LTL 804.8 million and the net purchase of foreign exchange from commercial banks of LTL 699.7 million. Reserves were also boosted by the increase of commercial bank required reserves in foreign exchange and the net income of the Bank of Lithuania from investment in foreign currencies. The reserves were pushed down by the repurchases of the Bank of Lithuania from the IMF of LTL 175.6 million done in January 2003.
Šaltinis:
lb.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »