Association of Lithuanian Chambers of Commerce, Industry and Crafts (LPPARA) says that small businesses should be allowed to give change in litas even after the date that Lithuania switched to the euro.
© DELFI / Šarūnas Mažeika

"From 1 January 2015, both small and large traders will have to give change in euro. However, not everyone is happy with such a rule, especially small business owners in rural areas, who fear they may not have enough change available. The Bank of Lithuania also estimates that the need for cash will increase 3-5 times," said director general of LPPARA Rimantas Šidlauskas.

Šidlauskas says that facilitation proposed by the association would not hamper euro adoption but would make it easier for business owners and reduce discontent with introduction of the new currency.

"As businesspeople's representatives, we need more information and a structured plan on how small business owners in rural areas will receive the euro. (...) I believe, if the situation does not change, small traders will inevitably become temporary currency exchange offices. Because of this they will experience losses and probably will be unwillingly breaking regulations," says Šidlauskas.

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

Ryanair announces new route from Kaunas

Ryanair announced a new Kaunas route to Zadar in Croatia , with a twice weekly service commencing...

Doctors from Kaunas Clinics hope for gamma knife economic return over the next couple of years

Neurosurgeons from Kaunas Clinics in Lithuania's second largest city of Kaunas are very happy with...

World’s first digital collector coin to feature signatories of the Act of Independence

The world‘s first blockchain -based digital collector coin created by the Bank of Lithuania is...

Norwegian specialised bank gets licence in Lithuania

Following the assessment and proposal of the Bank of Lithuania , AB Fjord Bank has been granted a...

MG Baltic wins reputation damage case against MP

Vilnius Regional Court on Tuesday ruled that a court of lower instance justly ruled early this year...