Rahul Sharma (Editor)

Bank of Lithuania

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Covid-19
Established  27 September 1922 [1]
Central bank of  Lithuania
Founded  27 September 1922
Chairman  Vitas Vasiliauskas
Headquarters  Vilnius
Bank of Lithuania httpsca33f332e2199349c49cdc74b5af55c9b2a1bd889
Succeeded by  European Central Bank (2015)
Website  (Lithuanian) (English) The Bank of Lithuania
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Money museum of the bank of lithuania


The Bank of Lithuania (Lithuanian: Lietuvos Bankas) is the central bank of the Republic of Lithuania. The Bank of Lithuania is a member of the European System of Central Banks. The chairman of the bank is Vitas Vasiliauskas. Until 2015, the Bank of Lithuania was responsible for issuing the former Lithuanian currency, the litas.

Contents

The money museum of the bank of lithuania


Primary functions

According to the Bank's official website, the Bank of Lithuania performs these primary functions:

  • maintaining price stability.
  • formulating and implementing the monetary policy.
  • acting as an agent of the State Treasury.
  • Management and structure

    The Bank is governed by a board consisting of a chairperson, two deputy chairpersons and two members.

    According to The Bank of Lithuania official website, it is managed by Supervision Service; ten departments: Economics, Statistics, Market Operations, International Relations, Payment Systems, Cash, Accounting, Information Technology, General Services and Security; six autonomous divisions (Internal Audit, Legal, Organisation and Personnel, General and Public Relations, Risk Management), and Bank of Lithuania Branches in Kaunas and Klaipėda.

    References

    Bank of Lithuania Wikipedia


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