Lithuania
Lithuanian govt backs draft bill for litas repeg
The Lithuanian government on Feb 21, 2001 approved and sent to parliament an amendment aimed at clearing the way for a shift in the litas currency's peg to the euro from the dollar with no devaluation, officials said.
Bank of Lithuania forex reserves fall by 1.9%
Lithuania's official international reserves shrank by 25.4 million U.S. dollars, or 1.9 percent, over January 2001, measuring up at 1.333 billion dollars as of Feb. 1, the central Bank of Lithuania announced on Feb. 7. The Bank of Lithuania said it sold…
Lithuania banks 2000 cap adequacy 16 pct
The Central Bank of Lithuania said on Jan. 30, 2001, the banking sector's capital adequacy at the end of 2000 was 16.42 percent versus 17.63 percent at the end of 1999, still well over the 10 percent minimum. The sector's liquidity at the end of December…
Lithuanian cbank okays draft bill for litas repeg
Lithuania's central bank said on Jan. 25 its board approved a draft amendment to law aimed at clearing the path for a shift in the litas currency's peg to the euro from the dollar without devaluation."The main goal of this amendment is to ... give…
Lithuanian cbank considers litas law draft
Lithuania's central bank said on Jan. 24 its board would consider draft amendments to a law on Jan. 25 aimed at clearing the path for a shift in the litas currency's peg to the euro from the dollar. The Bank of Lithuania is looking to shift the peg on or…
Sarkinas reppointed as Bank of Lithuania governor
The Lithuanian parliament voted Jan. 23 to appoint Reinoldijus Sarkinas for a second five-year term as the governor of the central Bank of Lithuania. His new term begins on Feb. 15, 2001. The motion passed with 74 votes in favour, no votes against and…
Lithuanian market watchdogs sign supervision pact
Lithuania's central bank, the securitities comission and insurance watchdog signed on Dec 22 a cooperation deal aimed at cementing supervision of the country's financial sector.
Lithuanian, Polish national banks to cooperate
Heads of the Lithuanian and Polish central banks, Reinoldijus Sarkinas and Hanna Gronkiewicz-Waltz, have signed an agreement on the mutual cooperation in the sphere of the supervision of banking activities.
Litas to be pegged amid preparations for EU
Lithuania, while preparing for its membership in the European Union, plans to keep litas pegged to dollar and later to euro, the board of the Bank of Lithuania announced after discussing its participation in the processes of Lithuania's preparation for…
Lithuanian and Polish cbanks sign supervisory deal
Governors of the central banks of Poland and Lithuania on Thursday signed an agreement to facilitate banking supervision between the two countries.
Lithuania should keep currency board - NBP chief
Lithuania should keep the currency board model as long as the situation of country's economy is unclear, the president of the Polish central bank said in the Vilnius conference on Thursday.
Lithuanian central bank reprimands Vilniaus Bank
Lithuania's central bank said on Thursday it was reprimanding Vilniaus Bank for failing to meet its prudential requirement but was taking no punitive action because the country's largest financial institution had remedied the situation.
Settlement agreement between Lithuania and Belarus
The heads of the central banks of Lithuania and Belarus have signed an agreement on the procedure for settling accounts among economic entities, the Bank of Lithuania reported.
Sarkinas: no policy change until after mid-2001
Reinoldijus Sarkinas, governor of the Bank of Lithuania, met with the IMF mission headed by Patricia Alonso-Gamo. He reiterated that decisions about the planned repegging of the national currency, the litas, from the US dollar to the euro would not be…
Banking liquidity stats from Lithuania cenbank
New data on the liquidity in the banking system will be published on a daily basis on the Bank of Lithuania website.