As from January 01,2015, Lithuania is the newest member of the euro area
to share the same currency with over 330 million people in 18 Member
States of the European Union.
After Lithuania adopts the euro at midnight tonight – on the 15th anniversary of the launch of the single currency in 1999 – some 337 million Europeans in 19 Member States will share the same currency
The euro will gradually replace the litas as the currency of Lithuania. There will be a dual circulation period of two weeks, during which the two currencies will be in use alongside each other in order to allow for a progressive withdrawal of Lithuanian litas
Commercial banks have received euro banknotes and coins in advance from Lietuvos Bankas, the Lithuanian Central Bank, and have in turn supplied euro cash to shops and other businesses.
A total of 900,000 starter kits with euro coins bearing Lithuanian national sides have been available to the general public since 1 December. Moreover, 110,000 dedicated starter kits have been offered to retailers.
As of 1 January, Lietuvos Bankas will exchange unlimited amounts of litas into euro at the official conversion rate (€1= 3.45280 LTL) for an unlimited period of time and free of charge. Commercial banks will provide unlimited cash exchange services free of charge until June 30,2015.
Post offices will change litas cash up to the value of €1,000 per transaction free of charge until March 01,2015
Nearly all automatic teller machines in Lithuania will distribute euro banknotes within the first 30 minutes of Jan 01,2015
Crowds gathered by the Cathedral on the main square in the old town of Vilnius,the Capital as Prime Minister Algirdas Butkevicius withdrew the first Euros from a Bank ATM
For Lithunaia the Euro promises both a political and economic boon
After Lithuania adopts the euro at midnight tonight – on the 15th anniversary of the launch of the single currency in 1999 – some 337 million Europeans in 19 Member States will share the same currency
The euro will gradually replace the litas as the currency of Lithuania. There will be a dual circulation period of two weeks, during which the two currencies will be in use alongside each other in order to allow for a progressive withdrawal of Lithuanian litas
Commercial banks have received euro banknotes and coins in advance from Lietuvos Bankas, the Lithuanian Central Bank, and have in turn supplied euro cash to shops and other businesses.
A total of 900,000 starter kits with euro coins bearing Lithuanian national sides have been available to the general public since 1 December. Moreover, 110,000 dedicated starter kits have been offered to retailers.
As of 1 January, Lietuvos Bankas will exchange unlimited amounts of litas into euro at the official conversion rate (€1= 3.45280 LTL) for an unlimited period of time and free of charge. Commercial banks will provide unlimited cash exchange services free of charge until June 30,2015.
Post offices will change litas cash up to the value of €1,000 per transaction free of charge until March 01,2015
Nearly all automatic teller machines in Lithuania will distribute euro banknotes within the first 30 minutes of Jan 01,2015
Crowds gathered by the Cathedral on the main square in the old town of Vilnius,the Capital as Prime Minister Algirdas Butkevicius withdrew the first Euros from a Bank ATM
For Lithunaia the Euro promises both a political and economic boon
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