From Wikipedia, the free encyclopedia
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.
[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
[edit] External links
Coordinates: 54°41′10″N, 25°17′00″E
