Bank of Lithuania


Bank of Lithuania
Bank of Lithuania
Lietuvos Bankas (Lithuanian)
Bank of Lithuania headquarters in Gediminas Avenue, built by the order of Józef Montwiłł in 1889–1891 Commemorative Litas coin dedicated to 75th of the Bank of Lithuania (portrait of Vladas Jurgutis)
Bank of Lithuania headquarters in Gediminas Avenue, built by the order of Józef Montwiłł in 1889–1891 Commemorative Litas coin dedicated to 75th of the Bank of Lithuania (portrait of Vladas Jurgutis)
Headquarters Vilnius
Established 27 September 1922 [1]
Chairman Vitas Vasiliauskas
Central bank of Lithuania
Currency Lithuanian litas
ISO 4217 Code LTL
Website (Lithuanian) (English) 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 non-Eurozone member of the European System of Central Banks. The chairman of the bank is Vitas Vasiliauskas.

Contents

Primary functions

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

  • maintaining price stability.
  • issuing Lithuania's currency, the Lithuanian litas.
  • formulating and implementing the monetary policy.
  • determining and announcing the exchange rate of the Lithuanian litas.
  • 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 eleven departments: Economics, Statistics, Market Operations, Credit Institutions Supervision, 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.

See also

External links

Coordinates: 54°41′10″N 25°17′00″E / 54.68611°N 25.2833333°E / 54.68611; 25.2833333


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Bank of England — Bank of England …   Wikipedia

  • Bank of Slovenia — Banka Slovenije (Slovene) Headquarters Ljubljana Established 25 June 1991 President Marko Kranjec Central bank of Slovenia Website …   Wikipedia

  • Bank of Estonia — Eesti Pank (Estonian) …   Wikipedia

  • Bank of Mexico — Banco de México Bank of Mexico headquarters in Mexico City …   Wikipedia

  • Bank of Japan — 日本銀行 (Japanese) …   Wikipedia

  • Bank of Thailand — ธนาคารแห่งประเทศไทย (ธปท.) Seal of the Bank of Thailand …   Wikipedia

  • Bank of Mongolia — Монголбанк Headquarters Ulaanbaatar, Mongolia Coordinates 47°55′12″N 106°54′44″E …   Wikipedia

  • Bank of Central African States — Banque des États de l Afrique Centrale (BEAC) (French) Headquarters Yaoundé, Cameroon Established 1972 President Lucas Abaga Nchama[1] Central bank of …   Wikipedia

  • Bank of Albania — Banka e Shqipërisë …   Wikipedia

  • Bank of Eritrea — Headquarters Asmara, Maekel, Eritrea Established 1914 Governor Kibreab Woldemariam (acting)[1] Central bank of Eritrea Curren …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.