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Such a decision was made by the Board of the Bank of Lithuania. ... were exchanged in cash immediately); natural and legal persons wishing to exchange coins will have to submit
Instead of auksinas, the name of muštinis, with its subunit skatikas, was suggested (taleris, a large ... Besides the coin, it was also suggested to introduce ½, 1, 3, 5, 10, 25, 100 and 1,000 muštinis banknotes
26 years ago, on 5 November 1991, the Supreme Council - Restoration Seimas of the Republic of Lithuania ... adopted the Law on the Issuance of Money of the Republic of Lithuania which declared litas with its subunit
Many of these buildings survived to this day and now house commercial banks. ... At the end of 1923, the Bank had 22 such branches in Lithuania.
The fight for independence that lasted until 1920 turned out to be quite successful to Lithuania, as
of Lithuania, introducing the decimal system. 10 denars comprised 1 grosz and this monetary unit was supposed ... Such records of the date of issue (year and month) are a unique phenomenon that disappeared in later
In accordance with the Litas Committee decision of 14 June 1993, litas and its subunit centas were issued
depleted due to the occupations and poverty rates were increasing, so a strict card system of rationed supply
Paper was only used to issue debit notes, not as a substitute for money. ... However, the circumstances surrounding this were quite sombre.
“I am very pleased that in such a short period of time Lithuania has become the center of Fintech that ... The key to our success story is a common strategic and progressive approach and action at all levels
The strength of the Bank of Lithuania as an institution lies in its independent and apolitical nature supported ... Bank of Lithuania in 2002, as Economist at the Off-site Monitoring Division of the Credit Institutions Supervision
The submitted papers are assessed by a commission comprising scientists from the Bank of Lithuania’s
Such a method of issuing temporary money was also applied in occupied territories, Lithuania included ... occupied by Germans in 1915, may have had vouchers issued with a stamp of the Telšiai committee for the support
to encourage house purchase in the regions can raise RE prices in areas deemed eligible for housing support ... ‘Housing price changes go hand in hand with wages, the RE market remains sufficiently liquid and poses
Aiming to create such a unique innovation in numismatics, we have to finish all the work in a timely
garnered significant attention among European FinTech companies: with 21 registrations from countries such ... garnered significant attention among European FinTech companies: with 21 registrations from countries such
concerts of performers of classical music at Europe’s financial centre Frankfurt am Main at the end of summer ... concerts of performers of classical music at Europe’s financial centre Frankfurt am Main at the end of summer
What names were suggested for the Lithuanian currency? What is depicted on interwar litas?
Why was there a need for such a mint? ... The mintage process was to be supervised by the Supervisory Institution of Securities Issuance of the
They can be distinguished visually as well: counterfeit coins have a rather matt surface. .
monetary and financial system stability; it develops and improves international standards in banking supervision
It survived the Soviet occupation thanks to the unbreakable spirit of our nation, and when the independence
1 October 1922, but in reality the exchange of litas started one day later because 1 October was a Sunday ... The banknotes of subsequent issues were printed to the designs of Adomas Galdikas.
These designs were submitted to the French company Francois Charles Oberthur that was supposed to print
which was used in the 14th–17th century to determine a vessel’s latitude from the angle between the sun