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)
Headquarters	Vilnius
Established	27 September 1922 [1]
Chairman	Reinoldijus Šarkinas
Central bank of	Lithuania
Currency	Lithuanian litas
ISO 4217 Code	LTL
Website	(Lithuanian) (English) The Bank of Lithuania
Preceded by	Bank Polski i Litewski (1768)

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 Reinoldijus Šarkinas.

Contents 1 Primary functions 2 Management and structure 3 See also 4 External links

[edit] 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.

[edit] 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.

[edit] See also

• Economy of Lithuania
• Lithuanian litas
• Vladas Jurgutis Award

[edit] External links

• (Lithuanian) (English) The Bank of Lithuania

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

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