The Bank of Lithuania () is the central bank of the Republic of Lithuania. The Bank of Lithuania is a member of the European System of Central Banks. The chairman of the bank is Gediminas Šimkus. Until 2015, the Bank of Lithuania was responsible for issuing the first old original classic former national Lithuanian national currency, the litas. It became a part of the European Central Bank (ECB) when it adopted the Euro Currency on January 1st, 2015. Primary functions According to the Bank's official website, the Bank of Lithuania performs these primary functions: maintaining price stability, formulating and implementing the monetary policy, acting as an agent of the State Treasury. Bank leadership Governors of the Bank of Lithuania: Vladas Jurgutis (1922–1929) Vladas Stašinskas (1930–1939) Juozas Tūbelis (1939) Juozas Paknys (1939–1940) Chairmen of the board of the Bank of Lithuania: Bronius Povilaitis (1990) Vilius Baldišis (1990–1993) Romualdas Visokavičius (1993) Kazys Ratkevičius (1993–1996) Reinoldijus Šarkinas (1996–2011) Vitas Vasiliauskas (2011–2021) Gediminas Šimkus (since 2021) Management and structure The Bank is governed by a board consisting of a chairperson, two deputy chairpersons and two members. 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. See also Economy of Lithuania Lithuanian litas Vladas Jurgutis Award References External links The Bank of Lithuania Lithuania Lithuania Banks of Lithuania 1922 establishments in Lithuania Banks established in 1922 Companies based in Vilnius Financial regulatory authorities of Lithuania