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
European conference promotes regional solutions to global challenges.
more »
Iceland‘s low-fare airline Iceland Express will launch regular flights by the new-generation „Boeing 737-700“ planes to about 8 different destinations from Vinius International Airport.
more »
Over 3 million people around the world have lost their jobs due to the financial crisis and, according to the UN, economic recovery is unlikely to reach those that have suffered most - poor women and children.
more »
The European Commission has today decided not to raise any objections to the public financing of infrastructure developments at three Lithuanian airports – Vilnius, Kaunas and Palanga International Airports.
more »
The European Commission has published the results of a public consultation launched in June 2009 on whether and how deadlines should be set for the migration of existing national credit transfers and direct debits to the new Single Euro Payments Area (SEPA) payment instruments.
more »
A favourable climate for innovation in the EU can speed up the transition to an eco-efficient economy and increase Europe’s global competitiveness.
more »
The International Monetary Fund (IMF) and the Deutsche Bundesbank have signed an agreement to provide the Fund with up to the equivalent of €15 billion (about US$22 billion).
more »
Today the European Central Bank is publishing a report entitled “Euro Money Market Survey 2009”, which illustrates the main developments in the euro money market in the second quarter of 2009, in comparison with the second quarter of 2008.
more »
New EU laws proposed for closer oversight of financial services industry, sending a strong signal to this week's G20 summit.
more »
The European Commission has repeatedly underlined that the restructuring plan of new Opel Europe must guarantee that the company will be viable in the future.
more »