Bank of Lithuania
Headquarters | Vilnius |
---|---|
Coordinates | 54°41′10″N 25°17′00″E / 54.68611°N 25.28333°ECoordinates: 54°41′10″N 25°17′00″E / 54.68611°N 25.28333°E |
Established | 27 September 1922[1] |
Ownership | 100% state ownership[1] |
Chairman | |
Central bank of | Lithuania |
Reserves | $1.310 billion[1] |
Succeeded by | European Central Bank (2015)1 |
Website | The Bank of Lithuania (in Lithuanian and English) |
1 The Bank of Lithuania still exists but many functions have been taken over by the ECB. |
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 . Until 2015, the Bank of Lithuania was responsible for issuing the former Lithuanian currency, the litas.
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.
Bank leadership[]
Governors of the Bank of Lithuania:[2]
- Vladas Jurgutis (1922–1929)
- (1930–1939)
- Juozas Tūbelis (1939)
- (1939–1940)
Chairmen of the board of the Bank of Lithuania:[2]
- (1990)
- Vilius Baldišis (1990–1993)
- (1993)
- (1993–1996)
- Reinoldijus Šarkinas (1996–2011)
- (2011–2021)
- (since 2021)
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.
See also[]
References[]
- ^ Jump up to: a b https://d-nb.info/1138787981/34
- ^ Jump up to: a b "Historical timeline". www.lb.lt. Archived from the original on 25 November 2020. Retrieved 22 March 2020.
External links[]
- The Bank of Lithuania (in Lithuanian and English)
- European System of Central Banks
- Central banks
- Banks of Lithuania
- 1922 establishments in Lithuania
- Banks established in 1922
- Companies based in Vilnius
- Financial regulatory authorities of Lithuania
- European bank stubs
- Lithuanian company stubs