Euros already account for nearly a third of all cash money in circulation in Lithuania, says Vitas Vasiliauskas, governor of the Bank of 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.

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

Court: Lithuanian companies don’t have to pay million-worth fine to Serbia

Arvi , a Lithuanian fertilizer, fodder, sugar and turkey meat production group owned by businessman...

Transport Minister: new airport could be built between Vilnius and Kaunas (1)

As the numbers of air passengers are growing in Lithuania, a new airport could be built between the...

MPs call on Adidas to stop sale of Soviet-themed clothing

Several lawmakers from the opposition conservative Homeland Union – Lithuanian Christian Democrats...

Lithuania one of the first countries in EU to establish the definition of a start-up by law

The Parliament of the Republic of Lithuania (Seimas) approved the definition of a start-up provided...

Transport Minister: Lithuania ready to test driverless cars

Lithuania is putting a lot of effort and is ready to test driverless cars , the country's Transport...