On 15 May 1920, the first meeting of the democratically elected constituent assembly took place. The documents it adopted, i. e. the temporary (1920) and permanent (1922) constitutions of Lithuania, strove to regulate the life of the new state. Land, finance, and educational reforms started to be implemented. The currency of Lithuania, the Lithuanian litas, was introduced. The University of Lithuania was opened. All major public institutions had been established. As Lithuania began to gain stability, foreign countries started to recognize it. In 1921 Lithuania was admitted to the League of Nations.