Lithuanian consumers and businesses saved some €40 million due to lower interest rates after the adoption of the euro a year ago, economists at the Bank of Lithuania say. Costs were also cut on currency exchange and due to lower rates on international money transfers.
The Bank of Lithuania has released a new euro coin which is a tribute to the Lithuanian language. While some of the one million new coins will be reserved for collectors, most will be put into circulation, according to Miglė Mockutė-Zaleckienė, a representative of the Bank of Lithuania.
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