The principal changes in the Bank of Latvia's assets and liabilities on the 31 August 2011 balance sheet as compared to 31 July 2011 and the reasons for these changes.
- An increase of 206.9 million lats or 5.4% in foreign assets mostly on account of growth in the funds deposited in foreign currencies by the Latvian government.
- A decrease of 7.6 million lats or 14.9% in foreign liabilities mostly on account of a reduction in the funds deposited by the European Commission and foreign banks.
- A rise of 195.6 million lats or 7.8% in domestic liabilities mostly due to increases of 17.6 million lats or 1.4% and 177.8 million lats or 14.7% in the respective balances of credit institution funds and Latvian government funds.
- The amount of lats in circulation has expanded by 2.8 million lats or 0.3%.
- An increase of 16.2 million lats or 5.6% in capital and reserves predominantly on account of interest income received and the result of the revaluation of foreign currencies.
J. Caune
Chief Accountant
Bank of Latvia
The principal changes in the Bank of Latvia's assets and liabilities on the 31 August 2011 balance sheet as compared to 31 July 2011 and the reasons for these changes.
· An increase of 206.9 million lats or 5.4% in foreign assets mostly on account of growth in the funds deposited in foreign currencies by the Latvian government.
· A decrease of 7.6 million lats or 14.9% in foreign liabilities mostly on account of a reduction in the funds deposited by the European Commission and foreign banks.
· A rise of 195.6 million lats or 7.8% in domestic liabilities mostly due to increases of 17.6 million lats or 1.4% and 177.8 million lats or 14.7% in the respective balances of credit institution funds and Latvian government funds.
· The amount of lats in circulation has expanded by 2.8 million lats or 0.3%.
· An increase of 16.2 million lats or 5.6% in capital and reserves predominantly on account of interest income received and the result of the revaluation of foreign currencies.
J. Caune
Chief Accountant
Bank of Latvia