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Lithuania 946 Lithuania 946 Date of Fund Membership: the non-central government, non-MFI resident sectors with April 29, 1992 resident MFIs. M3 comprise M2 and marketable instruments issued by MFIs, Standard Source: namely repurchase agreements contracted by MFIs with non- Bank of Lithuania central government non-MFI resident sectors, and money market fund shares/units and debt securities with maturity up to Exchange Rates: two years issued by MFIs to non-central government, non-MFI The talons replaced the ruble in October 1992 at the rate of RUB resident sectors. 1 = LTT 1. The litas replaced the talonas in June 1993 at the rate Interest Rates: of LTT 100 = LTL 1. Bank Rate (End of Period): Official Rate: (End of Period and Period Average): Bank of Lithuania rate on overnight repurchase agreements. The official exchange rate of the litas is set by resolution of the Bank of Lithuania's Board. Until February 1, 2002, the anchor Money Market Rate: currency of the litas was the U.S. dollar. Effective February 2, Average rate on interbank credit with maturities of up to one 2002, the litas are pegged to the euro. month. † Beginning in January 1998, average rate on one-day Central Bank: contracts between resident banks in national currency. Consists of the Bank of Lithuania only. Money Market Rate (Foreign Currency): † Beginning in March 2004, data are compiled in accordance Average rate on one-day contracts between resident banks in with the European Central Bank's framework for monetary foreign currency. statistics using the national residency approach. Prior to March 2004, data do not fully conform with the Savings Rate: European Central Bank's framework for monetary statistics and Average rate offered by banks on savings deposits in national are not strictly comparable to the data for later periods. currency. Other Depository Corporations: Savings Rate (Foreign Currency): Comprises commercial banks, branches of foreign banks, and Average rate offered by banks on savings deposits in foreign credit unions. currency. † Beginning in March 2004, data are compiled in accordance with the European Central Bank's framework for monetary Treasury Bill Rate: statistics using the national residency approach. Prior to March Average auction rate on 91-day treasury bills. † Beginning in 2004, data do not fully conform with the European Central January 2000, average auction rate on one-year treasury bills. Bank's framework for monetary statistics and are not strictly comparable to the data for later periods. Deposit Rate: Depository Corporations: Average of rates offered by banks on time deposits of residents in national currency weighted by volume. † Beginning in † See notes on central bank and other depository corporations. January 2005, average of rates on new time deposits of Monetary Aggregates: households and nonfinancial corporations in national currency weighted by volume. Broad Money: Deposit Rate (Foreign Currency): Broad Money is calculated from the liability data in the sections for the central bank and other depository corporations. Average of rates offered by banks on time deposits of residents in foreign currency weighted by volume. † Beginning in January Money (National Definitions): 2005, average of rates on new time deposits of households and Base Money comprises currency in circulation and deposits of nonfinancial corporations in euros weighted by volume. resident sectors at the Bank of Lithuania excluding deposits of Lending Rate: central and other general government. M1 comprises currency held by the public and demand deposits Average of rates charged by banks on all loans and advances to of the private sector, public nonfinancial corporations, and other residents in national currency weighted by volume. † Beginning financial corporations with the Bank of Lithuania and other in January 2005, average of rates on new loans to households depository corporations. † Beginning in March 2004, M1 and nonfinancial corporations in national currency weighted by comprises currency in circulation and overnight deposits with volume. monetary financial institutions (MFIs) of the non-central Lending Rate (Foreign Currency): government, non-MFI resident sectors. M2 comprises M1 and time, savings, and foreign currency Average of rates charged by banks on loans and advances to deposits of the private sector, public nonfinancial corporations, residents in foreign currency, weighted by volume. † Beginning and other financial corporations with the Bank of Lithuania and in January 2005, average of rates on new loans to households other depository corporations. † Beginning in March 2004, M2 and nonfinancial corporations in euros weighted by volume. comprises M1and deposits with agreed maturity up to two years and deposits redeemable at notice up to three months of September 2007, International Monetary Fund : International Financial Statistics 61.
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