- An increase of 21.5 million lats or 0.8% in foreign assets as a result of the amount of the Bank of Latvia's foreign currency purchases exceeding that of foreign currency repayments under previous currency swaps. A drop in the gold price had a slightly dampening effect on foreign assets, decreasing the value of the gold reserves of the central bank.
- A fall of 6.8 million lats or 5.6% in foreign liabilities resulting from a decrease in the lats equivalent of financial derivatives and in the European Commission funds in lats with the Bank of Latvia, and an increase in the European Commission funds in foreign currency with the Bank of Latvia.
- A decrease of 24.2 million lats or 41.5% in domestic assets following a 23.0 million lats fall in loans granted to credit institutions.
- A drop of 17.9 million lats or 1.2% in domestic liabilities as a result of a 61.5 million lats decrease and a 44.8 million lats increase in the respective balances of the government funds and credit institutions' funds with the Bank of Latvia
- On the liabilities side of the balance sheet, the amount of lats in circulation increased by 21.9 million lats or 2.1% mainly due to the above changes.
Head of the Macroeconomic Analysis Division
Monetary Policy Department
Bank of Latvia