News (176 page)

The Bank of Lithuania has drafted the Law on the Adoption of the Euro in Lithuania, which will be presented to the concerned institutions and organisations for their consideration. This was announced by Reinoldijus Sarkinas, Chairman of the Board...

Lithuania’s preparation and the plans of the Bank of Lithuania concerning the adoption of the euro were presented by Mr Darius Petrauskas, Deputy Chairman of the Board of the Bank of Lithuania, to foreign investors in Vilnius on 21st of March.

To focus more attention on financial stability issues and implement more appropriately the new tasks in the field of statistics in the run up to the euro, the Monetary Policy Department of the Bank of Lithuania has been reorganised into the...

The Bank of Lithuania changes its logo and starts applying the principles for the usage of the logo of the Bank of Lithuania and other identity elements (proprietary style). The principles define the practical usage of the new logo and other...

The quality assurancemanagement system implemented at the State Company Lithuanian Mint complies with the main requirements for the production of euro coins. Such conclusion was made by the specialists of the European Central Bank (ECB) who...

Reinoldijus Sarkinas, Chairman of the Board of the Bank of Lithuania, has been awarded the title of Partnership Leader 2004 by the International Chamber of Commerce Lietuva ( ICC Lietuva ).

Over one month reserve money increased by LTL 16.5 million, of which currency in circulation, demand deposits of non-banking financial institutions and commercial bank required reserves in foreign currencies increased by LTL 107.8 million, LTL...

At the end of February 2005 international reserves made up LTL 9,533.5 million (EUR 2,761.1 million, USD 3,644.2 million). Over one month they increased by LTL 190.4 million, i.e. 2.0 per cent.

Lithuania has achieved outstanding economic results over several recent years and may be one of the first new European Union Member States to join the euro area. This was noted by Professor Leszek Balcerowicz, President of the National Bank of...

Mr Leszek Balcerowicz, President of the National Bank of Poland (NBP), will be visiting Lithuania. He will also pay a visit to the Bank of Lithuania and will meet Reinoldijus Sarkinas, Chairman of the Board.

At the end of January 2005 broad money M2 made up LTL 21.7 billion. In the course of one month they decreased by LTL 57.9 million.

Mr Joaquin Almunia, Member of the European Commission responsible for economic and monetary affairs, who is visiting Lithuania, met with Mr Reinoldijus Sarkinas, Chairman of the Board, at the Bank of Lithuania on 24 February to discuss the process...

Over one month reserve money went down by LTL 88.7 million, of which currency in circulation and commercial bank balances on correspondent accounts decreased by LTL 113.8 million and LTL 31.7 million, respectively, and required reserves in foreign...

On 11 February 2005 Mr Raimondas Kuodis, Director of Monetary Policy Department, Bank of Lithuania, gave a presentation on the legal and economic aspects of the euro adoption in Lithuania at a professional training seminar to teachers of economics...

The Bank of Lithuania and the Police Department under the Ministry of the Interior will increase their cooperation in implementing the International Convention for the Suppression of Counterfeiting Currency and the measures laid down by the...