2017-03-23
Delegation led by Chair of the Board of the National Bank of the Republic of Belarus to visit the Bank of Lithuania
A delegation, led by Pavel V. Kallaur, Chair of the Board of the National Bank of Belarus, will visit Lithuania today and tomorrow. During the guests’ meeting with Members of the Board of the Bank of Lithuania, ongoing cooperation between the central banks of these neighbouring countries will be discussed and possibilities to strengthen it assessed, development of the economic and financial sectors of both countries will be presented.
The meeting of the representatives of the two central banks will take place in Kaunas, in the historical building of the Bank of Lithuania. Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, together with other Members of the Board, will present the Bank of Lithuania’s strategic goals for 2017–2020, approved at the beginning of this year, and discuss potential future cooperation between the two banks in implementing them. Such cooperation could also include exchange of relevant information about both countries’ finances and economy. This will be beneficial for Bank of Lithuania experts in evaluating the neighbouring country’s economic developments and the possibilities for Lithuanian businesses to develop relations.
Pavel Kallaur, aged 55, has been the Head of the central bank of Belarus since the end of 2014. He first visited the Bank of Lithuania in the summer of 2015 and was introduced to the experience of the Bank of Lithuania in the field of consolidation of financial market supervision. Shortly afterwards, in Minsk, specialists from the Bank of Lithuania Supervision Service introduced to their colleagues from the National Bank of the Republic of Belarus the good practices of financial market supervision. Dialogue between the heads of the two central banks on technical cooperation and exchange of relevant financial information was continued at the end of 2015 in Grodno, by invitation from Belarus.
UAB Lithuanian Mint has been cooperating for a long time with the National Bank of the Republic of Belarus. Since 2001, the Lithuanian Mint has been minting, as ordered by the Belarussians, on average about 10 different denominations of collector coins from silver, gold, and copper-nickel alloy every year.
The coins currently being used in this neighbouring country, after the denomination of the Belarus Rouble in 2016, were minted by the Lithuanian Mint jointly with the Kremnica Mint (Slovakia).