Two weeks after the adoption of the euro, the single European currency now accounts for more than one-half, or some 60 percent, of cash in circulation in Lithuania, the central Bank of Lithuania said, reminding that Thursday is the last day when shoppers can use both currencies, the euro and the litas, to pay in shops.
© DELFI / Mindaugas Ažušilis

According to the central bank’s data, there were 1.455 billion euros (59 percent) and 991 million euros worth of litas (41 percent) in circulation on Thursday morning.

“In terms of value, the amount of euros in circulation now exceeds the amount of litas by nearly 50 percent. The euro is making its way into Lithuania in a steady and consistent way. People are getting used to the new currency that has smoothly replaced the litas, which was in circulation for more than two decades,” Vitas Vasiliauskas, the governor of the central bank, said in a press release.

Between 1 and 14 January, 695.1 million euros worth of litas, including 22.2 million banknotes and 38.8 million coins, were withdrawn from circulation. From 1 January 2014, 2.46 billion euros worth of litas were withdrawn in total, including 421.6 tons of litas coins and 61.2 tons of bills.

Bank branches are providing unlimited cash exchange services free of charge in Lithuania until 30 June. In post offices, free exchange services will be provided until 1 March. After 30 June, 89 bank branches will continue to provide unlimited and free of charge exchange services for six more months.

The Bank of Lithuania will exchange unlimited amounts of litas cash into euro for an unlimited period of time and free of charge.

BNS
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian bread is tasted worldwide

One of the most popular Lithuanian bakeries „Vilniaus duona” is counting its stable export results...

New specialized fintech bank setting up in Lithuania

On Friday European Merchant UAB was granted the license issued by ECB, European Central Bank through...

Lithuanian start-ups attracted EUR 70 million in investments in 2018, further breakthrough will be determined by environment improvement

In 2018, the Lithuanian startup community achieved the record-breaking results, i.e. attracted EUR 70...

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality...

CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade

CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an...