The Bank of Lithuania is the central bank of the Republic of Lithuania. The Bank of Lithuania is a non-Eurozone member of the European System of Central Banks. The Eurozone (also called Euro-area or Euroland) is the subset of European Union member states which have adopted the Euro (€) currency, creating a currency union. ... The European System of Central Banks (ESCB) is composed of the European Central Bank (ECB) and the national central banks (NCBs) of all 25 EU Member States. ...
The bank issues Lithuania's currency, the Litas. The Litas (LTL or Lt, Lithuanian plural form Litai) is the official currency of Lithuania. ...
The Bank of Lithuania is the central bank of the country.
The Bank of Lithuania is the central bank, not a commercial bank.
The position of the Bank of Lithuania is that the present fixed exchange rate regime and the current official exchange rate between the litas and the euro of 3.4528 litas for 1 euro with a zero band is suitable for participation in ERM II and the adoption of the euro.
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