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Encyclopedia > Litas

The Litas (LTL or Lt, Lithuanian plural form Litai) is the official currency of Lithuania. Previously, currency with this name was issued by Bank of Lithuania on 1922-10-22. It was recalled from circulation in 1941 after Lithuania was annexed by Soviet Union in 1940. Presently litas has been in use since 1993-06-25, when it replaced the temporary currency called Talonas. Image File history File links Lithuanian Litas File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... The Bank of Lithuania is the central bank of the Republic of Lithuania. ... 1922 was a common year starting on Sunday (see link for calendar). ... October 22 is the 295th day of the year (296th in leap years) in the Gregorian Calendar, with 70 days remaining. ... 1941 was a common year starting on Wednesday (link will take you to calendar). ... 1940 was a leap year starting on Monday (link will take you to calendar). ... 1993 is a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... June 25 is the 176th day of the year (177th in leap years) in the Gregorian Calendar, with 189 days remaining. ...


Value

From 1994-04-01 to 2002-01-31 the Litas was associated with the US dollar at a ratio of 4 to 1. On 2002-02-01 the Litas was then associated with the Euro at 3.4528 to 1 and this should not change until Litas is replaced by Euro (2007 at earliest). Since 28 June 2004 the Litas has been fixed in ERM II [1], the EU's exchange rate mechanism. Lithuania was party to joining the mechanism since joining the EU. 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ... April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar, with 274 days remaining. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... January 31 is the 31st day of the year in the Gregorian Calendar. ... The United States dollar is the official currency of the United States. ... 2002 is a common year starting on Tuesday of the Gregorian calendar. ... February 1 is the 32nd day of the year in the Gregorian Calendar. ... The euro (€; ISO 4217 code EUR) is the currency of twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain, collectively known as Eurozone. ... 2007 is a common year starting on Monday of the Gregorian calendar. ... (Some entries on this page have been duplicated on August 1. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... The European exchange rate mechanism (or ERM) was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange-rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single...


Characteristics

One Litas is divided into 100 cents. All coins have one side with its value printed and the other side with the national coat of arms.

There are 9 denominations of coins: Image File history File links Lithuanian Litas (cents) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links Lithuanian Litas (reverse side) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...

  • 1 cent
  • 2 cents
  • 5 cents
  • 10 cents
  • 20 cents
  • 50 cents
  • 1 litas
  • 2 litas
  • 5 litas

There are six denominations of Litas notes:

  • 10 litas
  • 20 litas
  • 50 litas
  • 100 litas
  • 200 litas
  • 500 litas
  • 1000 litas

Previously there were also banknotes of 1 litas, 2 litas and 5 litas instead of coins; these are extremely rare now though.


External Links

  • Bank of Lithuania


Pre-euro currencies and non-euro currencies EU Flag
Eurozone Austrian schilling | Belgian franc | Dutch guilder | Finnish markka | French franc | German mark | Greek drachma | Irish pound | Italian lira | Luxembourg franc | Portuguese escudo | San Marinese lira | Spanish peseta | Vatican lira
ERM Cypriot pound | Danish krone | Estonian kroon | Latvian lat | Lithuanian litas | Maltese lira | Slovenian tolar
Other EU British pound | Czech koruna | Hungarian forint | Polish zloty | Slovak koruna | Swedish krona

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