Bank of Lithuania forex reserves fall by 1.9%

Lithuania's official international reserves shrank by 25.4 million U.S. dollars, or 1.9 percent, over January 2001, measuring up at 1.333 billion dollars as of Feb. 1, the central Bank of Lithuania announced on Feb. 7. The Bank of Lithuania said it sold 84 million dollars more to commercial banks than it bought and cited this fact as the main factor responsible for the decline in the reserve position.

The 4 million dollars decrease in commercial banks' required reserves in foreign currency an

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