The aim of the Award is to encourage scientific activities in the area of research on Lithuania's banking, finance, money and macroeconomics.
Award named after the father of Lithuanian Litas, Vladas Jurgutis.
The Bank of Lithuania established Vladas Jurgutis Award in 1997 to perpetuate the merits of academic, professor and the first Governor of the Bank of Lithuania Vladas Jurgutis, also unofficially considered to be the "father of the Lithuanian litas."
Since 2008, after signing a co-operation agreement, the Award is being granted by the Bank of Lithuania and Lithuanian Academy of Sciences.
[1] The Award in the amount of LTL 50 000 (approx 14 480 €) is granted for significant works (published scientific articles, theses, monographs, textbooks, etc.)