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Euro Introduction Prospects Discussed at the Academy of Sciences

Dr Raimondas Kuodis, Director of the Economics Department of the Bank of Lithuania, reviewed Lithuania’s compliance with the Maastricht convergence criteria, presented an assessment of the macroeconomic environment and pointed out the advantages...

Bank of Lithuania Deputy Governor Ramune Zabuliene took part in a meeting in Washington

The International Monetary and Financial Committee of the International Monetary Fund held its meeting in Washington, D.C. on 16 April 2005 to discuss the global economy and financial markets, IMF’s strategic direction and the key IMF policy...

Analytical Balance Sheet of the Bank of Lithuania, March 2005

Over one month reserve money went up by LTL 29.9 million, of which commercial bank balances on correspondent accounts increased by LTL 72.4 million, while demand deposits of non-banking financial institutions, required reserves of commercial banks...

Meeting of the Board of the Bank of Lithuania

Balance of Payments the Republic of Lithuania, February 2005

Life insurance companies interested in the preparation for euro adoption in Lithuania

The Lithuanian Life Insurance Association held a meeting with Darius Petrauskas, Deputy Chairman of the Board of the Bank of Lithuania, on 7 April in Vilnius to hear the latest news about the preparation to adopt the euro in the country.

International Reserves, March 2005

At the end of March 2005 international reserves made up LTL 9,576.2 million (EUR 2,773.5 million, USD 3,594.0 million). Over one month they increased by LTL 42.7 million, i.e. 0.4 per cent.

Draft law on euro adoption presented to senior management of commercial banks

At a meeting held at the Bank of Lithuania on 6 April the key aspects of the preparation for the adoption of the euro were discussed with the senior management of commercial banks and foreign bank branches operating in the country.

Euro adoption discussed at the Lithuanian Confederation of Industrialists

The future adoption of the euro in Lithuania was discussed at the meeting of the Lithuanian Confederation of Industrialists, where Mr Darius Petrauskas, Deputy Chairman of the Board of the Bank of Lithuania, made a presentation.

Draft Law on the Adoption of the Euro presented to interested institutions and organisations for co-ordination

The Law of the Republic of Lithuania on the Adoption of the Euro in the Republic of Lithuania drafted by the Bank of Lithuania experts has been forwarded to interested ministries, other state institutions and business organisations for...

Meeting of the Board of the Bank of Lithuania

Review of the Balance of Payments of the Republic of Lithuania in 2004

Banking Survey, February 2005

At the end of February 2005 broad money M2 made up LTL 22.2 billion. In the course of one month it increased by LTL 474.8 million, i.e. by 2.2 per cent.

Bank of Lithuania Governor Reinoldijus Sarkinas presented the plans for the adoption of the euro

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...

Bank of Lithuania euro adoption plan presented to foreign investors in Vilnius

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.

Departments of Economics and Statistics established at the Bank of Lithuania

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...

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