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Euros already account for nearly a third of all cash money in circulation in Lithuania, says Vitas Vasiliauskas, governor of the Bank of Lithuania.
Euros account for one third of cash in Lithuania
© DELFI (R.Tenio nuotr.)

Currently, there are around EUR 700 million in circulation, or around 32 percent of all cash circulating in the country.

"On 1 January, it accounted for 28 percent, so the amount of euros in circulation grows with every day. We expect the euro to start dominating the circulation in two weeks," he said on the radio Žinių Radijas on Tuesday.

The central bank estimates that residents put around LTL 700 million (EUR 202.9 million) into their accounts in the past week in order to exchange litas to euros.

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