BDAR

BANK OF LITHUANIA. EVENTS AND PEOPLE. 1990–2020

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1 March 2020 marked the 30th anniversary of the establishment of the Bank of Lithuania. To commemorate this occasion, a dedicated exhibition was opened at the Money Museum’s Exhibition and Education Hall.

It introduces the key events and people that built and fostered this institution, dealing together with day-to-day issues and enjoying the results achieved. The exhibition presents the history of both the Bank of Lithuania and the Money Museum. With the use of informational posters, video material and unique exhibits from the museum’s collections, the evolution of the Bank of Lithuania from its complicated establishment to nowadays is depicted in chronological order.

It also shows the transition from the rouble to national currency, when talonas for a while became the only legal tender. In 1992, the Bank of Lithuania joined the International Monetary Fund (IMF) and renewed its membership and shareholder rights at the Bank for International Settlements (BIS). The exhibition also highlights the adoption of the litas (25 June 1993) and how it was pegged to the US dollar (1994) as well as the later transition from the dollar to euro as the anchor currency. On 1 January 2015, Lithuania joined the euro area and the Bank of Lithuania became part of the Eurosystem. On 5–6 June 2019, the Governing Council of the European Central Bank (ECB) held its external meeting in Vilnius and, for the first time, the euro area monetary policy decisions were taken in Lithuania. The exhibition also highlights the Bank of Lithuania’s memberships in international payment systems: in 2007, Lithuania’s central bank joined TARGET2, while in 2016 – the Single Euro Payments Area (SEPA), which encompasses 34 countries.

The exhibition also displays some of the Bank of Lithuania’s and the Money Museum’s publications issued throughout the 30 years.

Temporary exhibitions
Last updated: 2021-08-07