Bank of Lithuania - Primary Functions

Primary Functions

According to the Bank's official website, the Bank of Lithuania performs these primary functions:

  • maintaining price stability.
  • issuing Lithuania's currency, the Lithuanian litas.
  • formulating and implementing the monetary policy.
  • determining and announcing the exchange rate of the Lithuanian litas.
  • acting as an agent of the State Treasury.

Read more about this topic:  Bank Of Lithuania

Famous quotes containing the words primary and/or functions:

    It was the feeling of a passenger on an ocean steamer whose mind will not give him rest until he has been in the engine-room and talked with the engineer. She wanted to see with her own eyes the action of primary forces; to touch with her own eyes the action of primary forces; to touch with her own hand the massive machinery of society; to measure with her own mind the capacity of the motive power. She was bent upon getting to the heart of the great American mystery of democracy and government.
    Henry Brooks Adams (1838–1918)

    In today’s world parents find themselves at the mercy of a society which imposes pressures and priorities that allow neither time nor place for meaningful activities and relations between children and adults, which downgrade the role of parents and the functions of parenthood, and which prevent the parent from doing things he wants to do as a guide, friend, and companion to his children.
    Urie Bronfenbrenner (b. 1917)