OREANDA-NEWS. January 07, 2007. At the end of December 2007, official reserve assets made up LTL 18,2 billion (EUR 5,3 billion, USD 7,7 billion). In the course of one month they decreased by LTL 48,9 million, i.e. by 0,3 percent; however, in 2007 their increase made up LTL 3,02 billion, i.e. 19,9 percent. Official reserve assets excluding funds received from repo transactions went up by LTL 2,07 billion or by 13,6 percent in 2007, reported the press-centre of Bank of Lithuania.

A decrease of LTL 2,2 billion in central government deposits with the Bank of Lithuania was the major reason for the official reserve assets to go down in December. An increase of LTL 1 billion in external liabilities of the Bank of Lithuania and a rise in deposits of other MFIs with the Bank of Lithuania as well as a hike in currency in circulation, respectively by LTL 817,6 million and LTL 320,3 million, offset significantly this decrease.

In 2007, the growth of official reserve assets was driven mainly by a rise in deposits of other MFIs with the Bank of Lithuania and currency in circulation, respectively by LTL 1,13 billion and LTL 1,11 billion, as well as by an increase of external liabilities of the bank of Lithuania and other factors, respectively by LTL 835,6 million and LTL 321,8 million.