Bank of Lithuania

The Bank of Lithuania (Lithuanian: Lietuvos bankas) is the Lithuanian member of the Eurosystem and has been the monetary authority for Lithuania from 1922 to 2014, albeit with a long suspension between 1940 and 1993.

Since 2015, it has also been Lithuania's national competent authority within European Banking Supervision.

[1] The first task of the bank was to replace German ostmark and ostrubel, which circulated after the World War I, with a Lithuanian currency litas.

According to The Bank of Lithuania official website, it is managed by Supervision Service; ten departments: Economics, Statistics, Market Operations, 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 Klaipėda.

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Interwar period head office building of the Bank of Lithuania in Kaunas , the former temporary capital of Lithuania
Aerial view of Bank of Lithuania headquarters in Gediminas Avenue , built for Józef Montwiłł 's bank in 1889–1891