Bank of Lithuania Decreased by 1,3% in January 2008
OREANDA-NEWS. February 07, 2007. At the end of January 2008 official reserve assets made up LTL 18 billion (EUR 5,2 billion or USD 7,7 billion). In the course of one month they decreased by LTL 235,8 million, i.e. by 1,3 percent, reported the press-centre of Bank of Lithuania.
The major reason behind the decrease of official reserve assets was the contraction of the deposits of other MFIs with the Bank of Lithuania and currency in circulation by LTL 626,4 million and LTL 572,5 million respectively.
The decline was offset, substantially, by the increase of LTL 570,7 million in central government deposits with the Bank of Lithuania, also by an increase of LTL 212,6 million in external liabilities of the Bank of Lithuania as well as other factors, which grew by LTL 179,7 million.
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