“The Bank of Lithuania shall be directed by the Board of the Bank, consisting of the Chairperson, Deputy Chairpersons, and members. The Chairperson of the Board of the Bank of Lithuania shall be appointed for a five-year term by the Seimas upon submission by the President of the Republic.”
The Bank of Lithuania is directed by its Board, consisting of the Chairperson, Deputy Chairpersons and members. The Chairperson of the Board is appointed for five years by the Seimas on the submission of the President.
When the term of the Chairperson of the Bank of Lithuania ends, the President proposes a candidate and the Seimas votes on the five-year appointment.
Memorise the formula: appointed by the Seimas on the President's submission for five years, the same as the Auditor General.
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