 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (November 2021) |
| Lietuvos litas (Lithuanian) | |
|---|---|
 200 LTL banknote | |
| ISO 4217 | |
| Code | LTL |
| Unit | |
| Plural | litai (nom. pl.) or litų (gen. pl.) or litu (nom. dl. in pre-war period) |
| Symbol | Lt (litas), ct (centas) |
| Denominations | |
| Subunit | |
| 1⁄100 | centas |
| Plural | |
| centas | centai (nom. pl.) or centų (gen. pl.) or centu (nom. dl. in pre-war period) |
| Banknotes | |
| Freq. used | 10, 20, 50, 100, 200 litų |
| Rarely used | 1, 2, 5, 500 litų |
| Coins | |
| Freq. used | 1 centas, 2, 5, 10, 20, 50 centų (centai), 1 litas, 2, 5 litai |
| Demographics | |
| Date of introduction | 25 June 1993 |
| Replaced | Lithuanian talonas |
| User(s) | None, previously: Lithuania |
| Issuance | |
| Central bank | Bank of Lithuania |
| Website | lb |
| Valuation | |
| Inflation | 1.4% |
| Source | European Central Bank, April 2013 |
| Method | HICP |
| EU Exchange Rate Mechanism (ERM) | |
| Since | 28 June 2004 |
| Fixed rate since | 2 February 2002 |
| Replaced by euro, non cash | 1 January 2015 |
| Replaced by euro, cash | 16 January 2015 |
| 1 € = | 3.45280 Lt (permanent) |
| Band | pegged in practice, 15% de jure |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The Lithuanian litas (ISO currency code LTL, symbolized as Lt; plural litai (nominative) or litų (genitive) was the currency of Lithuania, until 1 January 2015, when it was replaced by the euro. It was divided into 100 centų (genitive case; singular centas, nominative plural centai). The litas was first introduced on 2 October 1922 after World War I, when Lithuania declared independence, and was reintroduced on 25 June 1993 following a period of currency exchange from the Soviet ruble to the litas with the temporary talonas then in place.[1] The name was modeled after the name of the country (similar to Latvia and its lats). From 1994 to 2002, the litas was pegged to the U.S. dollar at the rate of 4 to 1. The litas was pegged to the euro at the rate of 3.4528 to 1 since 2002. The euro was expected to replace the litas by 1 January 2007, but persistent high inflation and the economic crisis delayed the switch.
On 1 January 2015, the litas was switched to the euro at the rate of LTL 3.4528 to 1.[2] Nevertheless, coins and banknotes of the second litas will be exchanged indefinitely into euros by the Bank of Lithuania.[3]
- ^ Linzmayer, Owen (2013). "Lithuania". The Banknote Book. San Francisco, CA.
{{cite book}}: CS1 maint: location missing publisher (link) - ^ "Lithuanian government endorses euro introduction plan". en.15min.lt. 25 February 2013.
- ^ https://www.lb.lt/en/exchange-of-litas-into-euro#ex-1-1 [bare URL]