The Bank of Lithuania has released a new euro coin which is a tribute to the Lithuanian language. While some of the one million new coins will be reserved for collectors, most will be put into circulation, according to Miglė Mockutė-Zaleckienė, a representative of the Bank of Lithuania.
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As many as 65 percent of Lithuanians, most of them younger people (aged 15-34 years), say they are already used to changes after the euro adoption, the latest survey for September has shown. However, compared to February's survey, considerably more respondents believe that prices of goods and servic...
The Lithuanians have warmed further towards the euro after the country’s switchover to the single currency early this year, the recent Eurobarometer survey has shown.
The Bank of Lithuania has issued into circulation a 5 euro collector's coin, dedicated to literature (from the series Lithuanian Culture); it was presented at the Writer's Club in Vilnius to a group of writers and lovers of literature, the central bank said.
The new 20 euro banknote and its innovative security features were presented at the Bank of Lithuania on Tuesday, 5 May. The new 20 euro banknotes, from the Europa series, will be put into circulation across the euro area on 25 November 2015 and will circulate together with the current banknotes of ...
SEB bank has not revised Lithuania's projected gross domestic product (GDP) growth rate for 2015 and 2016, leaving it at 2.6 and 3.5 percent respectively. As before, fiscal deficit is expected to account for 1.5 percent of the GDP in 2015 and 0.5 percent in 2016.
Police offices across Lithuania are performing more than 250 pre-trial investigations into counterfeit euros in circulation, spokesman for the Police Department, Ramūnas Matonis, told BNS.
On 29 January, the Bank of Lithuania issued into circulation a 50-euro collector coin, dedicated to coinage in the Grand Duchy of Lithuania. This is the first collector Lithuanian euro coin, the Bank of Lithuania said.
After Lithuania joined the euro area on 1 January 2015, about 20 counterfeit euro notes have been discovered in the market, says Interior Minister Saulius Skvernelis, adding that the number of suspected forgeries is considerably higher, but they are made outside Lithuania.
Lithuania adopted the euro on 1 January 2015, thus becoming the 19th member of the euro area. With the dual circulation period ending on 15 January, a crucial part of the changeover will be completed this week, the European Commission said in a report.
The amount of euro cash in circulation in Lithuania has already exceeded the amount of litas cash in the market, the governor of the central Bank of Lithuania has said.
Lithuania has become the eurozone's 19th member, but only half of Lithuanians are in favour of the new currency. That will change, Finance Minister Rimantas Šadžius told DW, the Ministry of Foreign Affairs reports.
Over the first week of this year, the Lithuanian police opened about 30 pre-trial investigations in relation to counterfeit euros.
In over slightly more than two months, 46,000 visitors from all over Lithuania visited the Euro Exhibition, which was open at the National Museum Palace of the Grand Dukes of Lithuania. It was arranged with a view to introducing in advance the population to the new currency, euras.lt reports.
Euros already account for nearly a third of all cash money in circulation in Lithuania, says Vitas Vasiliauskas, governor of the Bank of Lithuania.
Although Lithuania has been using the euro for less than a week, the police have already reported euro forgery cases.
Over the first four days after Lithuania's euro adoption, approximately 160 consumers file complaints with the State Consumer Rights Protection Authority (VVTAT) about violations of the Euro Adoption Law.
The governor of the central Bank of Lithuania says there have been no major difficulties in the process of changeover to the euro, which the country adopted on the first day of 2015, the Verslo Žinios business daily reports.
As of Saturday, residents of Lithuania have exchanged about 40 million litas (EUR 11.6m) in post offices of Lithuania, said Inga Dundulienė, the head of the Network Service of Lietuvos Paštas (Lithuanian Post).
Residents of Lithuania have started exchanging their savings in litas to euros. A total of 330 post offices will be exchanging litas to euros free of charge from 2 January.