Lithuanian Mint
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Lithuanian Mint
Lithuanian Mint ( lt, Lietuvos monetų kalykla) is the state-owned Company, enterprise, responsible for the mintage of Coins of the Lithuanian litas, coins and Orders, decorations, and medals of Lithuania, decorations of Lithuania. The shareholding is managed by the Bank of Lithuania, central bank of Lithuania. Lithuanian mintage tradition traces its history back to Algirdas times, when in Vilnius, capital city of Lithuania, was established Vilnius Mint. The mint was chosen to create the Lithuanian euro coins upon the country Lithuanian euro coins, entering the Eurozone in 2015. External linksOfficial website
Government-owned companies of Lithuania Mints (currency) {{Lithuania-company-stub ...
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Vilnius Mint
The Vilnius Mint ( lt, Vilniaus monetų kalykla) was the main Mint (facility), mint of the Grand Duchy of Lithuania which produced coins in Vilnius from 1387 to 1666 (with breaks). Many of the coins minted in the Vilnius Mint had privy marks of the Grand Treasurer of Lithuania (coat of arms and initials). History The mints of gold and copper operated separately. In 1546, the mint was located on the present-day Vokiečių Street. Later, in the territory of Vilnius Castle Complex#History of the Lower Castle, Vilnius Lower Castle there were gold and, in the second half of the 17th century, copper mints. The mint was managed by a governor, who was assisted by a clerk (he took care of the acquisition, issuance, accounting, checked the quality of coins), other positions in the mint were: a money craftsman (he was responsible for the production of coins), a assayer, a stamps engraver, a bleacher, and money struckers. The rent of the mint was practiced since the time of Grand Duke Step ...
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Vilnius
Vilnius ( , ; see also other names) is the capital and largest city of Lithuania, with a population of 592,389 (according to the state register) or 625,107 (according to the municipality of Vilnius). The population of Vilnius's functional urban area, which stretches beyond the city limits, is estimated at 718,507 (as of 2020), while according to the Vilnius territorial health insurance fund, there were 753,875 permanent inhabitants as of November 2022 in Vilnius city and Vilnius district municipalities combined. Vilnius is situated in southeastern Lithuania and is the second-largest city in the Baltic states, but according to the Bank of Latvia is expected to become the largest before 2025. It is the seat of Lithuania's national government and the Vilnius District Municipality. Vilnius is known for the architecture in its Old Town, declared a UNESCO World Heritage Site in 1994. The city was noted for its multicultural population already in the time of the Polish–Lithuanian ...
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Lithuania
Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania shares land borders with Latvia to the north, Belarus to the east and south, Poland to the south, and Russia to the southwest. It has a Maritime boundary, maritime border with Sweden to the west on the Baltic Sea. Lithuania covers an area of , with a population of 2.8 million. Its capital and largest city is Vilnius; other major cities are Kaunas and Klaipėda. Lithuanians belong to the ethno-linguistic group of the Balts and speak Lithuanian language, Lithuanian, one of only a few living Baltic languages. For millennia the southeastern shores of the Baltic Sea were inhabited by various Balts, Baltic tribes. In the 1230s, Lithuanian lands were united by Mindaugas, Monarchy of Lithuania, becoming king and founding the Kingdom of Lithuania ...
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Metalworking
Metalworking is the process of shaping and reshaping metals to create useful objects, parts, assemblies, and large scale structures. As a term it covers a wide and diverse range of processes, skills, and tools for producing objects on every scale: from huge ships, buildings, and bridges down to precise engine parts and delicate jewelry. The historical roots of metalworking predate recorded history; its use spans cultures, civilizations and millennia. It has evolved from shaping soft, native metals like gold with simple hand tools, through the smelting of ores and hot forging of harder metals like iron, up to highly technical modern processes such as machining and welding. It has been used as an industry, a driver of trade, individual hobbies, and in the creation of art; it can be regarded as both a science and a craft. Modern metalworking processes, though diverse and specialized, can be categorized into one of three broad areas known as forming, cutting, or joining proc ...
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Coin
A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest va ...
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Medal
A medal or medallion is a small portable artistic object, a thin disc, normally of metal, carrying a design, usually on both sides. They typically have a commemorative purpose of some kind, and many are presented as awards. They may be intended to be worn, suspended from clothing or jewellery in some way, although this has not always been the case. They may be struck like a coin by dies or die-cast in a mould. A medal may be awarded to a person or organisation as a form of recognition for sporting, military, scientific, cultural, academic, or various other achievements. Military awards and decorations are more precise terms for certain types of state decoration. Medals may also be created for sale to commemorate particular individuals or events, or as works of artistic expression in their own right. In the past, medals commissioned for an individual, typically with their portrait, were often used as a form of diplomatic or personal gift, with no sense of being an award for ...
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Company
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ...
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Coins Of The Lithuanian Litas
The modern coinage of Lithuania was introduced in 1993. It is composed of coins denominated in ''centas'' (plurals ''centai'' and ''centų'') and ''litas'' (plurals ''litai'' and ''litų'') 1, 2, and 5 centai Image:1centas 1991 Lietuva.png, 1 centas - 1991 release Image:2 centai (1991).jpg, 2 centai - 1991 release Image:5 centai (1991).jpg, 5 centai - 1991 release These coins are made from aluminium and therefore are white. The coins' edge is plain. They were designed by sculptor Petras Garška. These coins are the first permanent coins released after the restoration of independence in 1990. Unlike other coins they bear the same date - 1991 - no matter the year of actual production. The design has not changed even though they bear an old version of the Coat of Arms (the horse's tail looks down instead of up, the knight is leaning forward, and other details). People usually refer to these coins as "balti centai" (white cents) which has a slightly negative connotation. Specifi ...
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Orders, Decorations, And Medals Of Lithuania
Awards and decorations of Lithuania are governed by the Republic of Lithuania Law on State Awards of 2002, amended in 2003. State decorations The state orders, medals and other decorations are bestowed by the President of Lithuania on 16 February – Day of Re-establishment of the State of Lithuania and 6 July – Day of the State (Coronation of King Mindaugas), and on other days on special occasions. The President of Lithuania is awarded with the highest order, of Vytautas the Great, upon starting to hold his office after taking the oath, by the Chairman of the Seimas (Lithuanian parliament). Decorations are minted in Lithuanian Mint, a state own enterprise. National awards are administered by Head of the Presidential Administration, who serves as the ''ex officio'' Grand Master of the Orders the Republic. Orders *the Order of Vytautas the Great; *the Order of the Cross of Vytis; *the Order of the Lithuanian Grand Duke Gediminas; *the Order for Merits to Lithuania. Ins ...
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Bank Of Lithuania
The Bank of Lithuania ( lt, Lietuvos bankas) is the central bank of the Republic of Lithuania. The Bank of Lithuania is a member of the European System of Central Banks. The chairman of the bank is Gediminas Šimkus. Until 2015, the Bank of Lithuania was responsible for issuing the former Lithuanian national currency – the litas. Primary functions According to the Bank's official website, the Bank of Lithuania performs these primary functions: * maintaining price stability, * formulating and implementing the monetary policy, * acting as an agent of the State Treasury. Bank leadership Governors of the Bank of Lithuania: * Vladas Jurgutis (1922–1929) * Vladas Stašinskas (1930–1939) *Juozas Tūbelis (1939) * Juozas Paknys (1939–1940) Chairmen of the board of the Bank of Lithuania: * Bronius Povilaitis (1990) * Vilius Baldišis (1990–1993) * Romualdas Visokavičius (1993) * Kazys Ratkevičius (1993–1996) * Reinoldijus Šarkinas (1996–2011) * Vitas Vasiliauskas ...
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Algirdas
Algirdas ( be, Альгерд, Alhierd, uk, Ольгерд, Ольґерд, Olherd, Olgerd, pl, Olgierd;  – May 1377) was the Grand Duke of Lithuania. He ruled the Lithuanians and Ruthenians from 1345 to 1377. With the help of his brother Kęstutis (who defended the western border of the Duchy) he created an empire stretching from the present Baltic states to the Black Sea and to within of Moscow. Background Algirdas was one of the seven sons of Grand Duke Gediminas. Before his death in 1341, Gediminas divided his domain, leaving his youngest son Jaunutis in possession of the capital, Vilnius. With the aid of his brother, Kęstutis, Algirdas drove out the incompetent Jaunutis and declared himself Grand Duke in 1345. He devoted the next thirty-two years to the development and expansion of the Grand Duchy of Lithuania. After becoming the ruler of Lithuania, Algirdas was titled the King of Lithuania ( la, rex Letwinorum) in the Livonian Chronicles instead of the ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ...
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