“In the Republic of Lithuania, the Bank of Lithuania shall be the central bank, which belongs to the State of Lithuania by right of ownership. The procedure for the organisation and activities of the Bank of Lithuania, its powers, and the legal status of the Chairperson of the Board of the Bank of Lithuania, as well as the grounds for his release from duties, shall be established by law.”
The central bank of the Republic of Lithuania is the Bank of Lithuania, which is owned by the State of Lithuania. Its organisation, activities and powers, as well as the legal status of the Chairperson of its Board and the grounds for dismissal, are established by law.
The Bank of Lithuania supervises the commercial banks and payment institutions where residents hold their accounts and licenses financial institutions.
Expect a question naming the central bank and its owner: the Bank of Lithuania, owned by the State.
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