Lietuvos Bankas (Central Bank of Lithuania)
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The Bank of Lithuania or Lietuvos Bankas is the central bank of the Republic of Lithuania. The bank has been operating with an aim of maintaining the price stability in the country.
Important responsibilities of the bank are as follows:
The Bank of Lithuania or Lietuvos Bankas is the central bank of the Republic of Lithuania. The bank has been operating with an aim of maintaining the price stability in the country.
Important responsibilities of the bank are as follows:
- Issuing the currency
- Implementing the monetary policy
- Determining the exchange rate in the country
- Acting as a state treasury agent
- Ensuring the smooth operation of payment system
- Managing an inter bank fund transfer system
The Bank is governed by a board, consisting of a Chairperson, two Deputy Chairpersons, and two members. The Chairperson is appointed for a term of five years while the Deputy Chairpersons and the members are appointed for a period of nine years.
The Address and Contact details of the bank is as follows:
Leituvos Bankas
Address: Totoriu g 4 2629 Vilnius LITHUANIA Phone No.: ++370-2-61 78 13 Fax: ++370-2-22 15 01
