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nginx Lithuania joins the euro - Secura Monde International (SMI)

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Lithuania joins the euro

The new year brings a new currency for Lithuanians, as, on the 1st January 2015, Lithuania became the 19th member of the euro currency area, replacing the previous Lithuanian litas currency to the Euro at an exchange rate of €1= LTL 3.45280.

Lithuanians have 2 weeks to continue paying for items using Lithuanian litas, but their change will be provided in euros.

Lithuania is the last of the Baltic states to join the euro, following Estonia and Latvia’s changeover in 2011 and 2014 respectively.

The European Central Bank and Lietuvos bankas have been carrying out a campaign in preparation for the changeover, including this video:

Categories: Banknotes, Coin, Currency, News02/01/2015

Author: SMI

https://www.securamonde.com

SMI is the acknowledged world leader in the provision of independent technical & commercial expertise to the currency industry. Founded in 1994, SMI consultants each have many years’ experience working in the currency industry, and consequently have extensive knowledge and understanding of all aspects of the banknote and coin markets, offering consultancy services on a range of issues related to the security, manufacture, issue, circulation and management of physical cash in the economy.

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Author: SMI

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