Bank of Lithuania

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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.

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:

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 Klaipeda.