Lithuanians are trying to get rid of cash litas before the official date of the euro adoption. On 29 December alone LTL 27 million (EUR 7.8 million) was deposited in SEB Bank's ATMs. This is nearly four times more than on an average day. On 29 December the number of customers in the bank's branches was also twice the average.
Eurų rinkiniai
© DELFI / Mindaugas Ažušilis

"We understand that people are rushing to prepare for the upcoming euro adoption and deposit cash now, so that on the first day afterwards the money in bank accounts would be automatically converted to euros. Nonetheless, we would like to remind customers that there is no need for urgency as the litas can be deposited using SEB Bank's ATMs by 25 January," said Linas Januškevičius, head of SEB Business Development Department.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Vasiliauskas calls on MPs to turn to ECB over banking tax

Vitas Vasiliauskas , board chairman of the central Bank of Lithuania , has called on lawmakers to...

Fake or true: your coffee might contain grounded cockroaches (1)

In past months some global media shocked their readers by claiming that grounded coffee might...

Nauseda: state bank shouldn’t be taboo

The existing situation in the Lithuanian banking market makes one to start thinking about the...

Lithuania not considering 'century bond' yet

The Lithuanian Foreign Ministry sees no need for issuing ultra-long debt yet, but might consider...

Cabinet backs retail and bank taxes

The Lithuanian Cabinet on Wednesday backed in principle new taxes on bank assets and retail...