Lituanian Talonas

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Lituanian Talonas

The temporary currency of Lithuania between 1991 and 1993. It replaced the Soviet ruble, though both continued to circulate for some time. The talonas was criticized because it required persons to pay effectively double for goods, which hindered growth while not controlling inflation. It was replaced by the litas.
References in periodicals archive ?
3 million is getting its fourth currency in 25 years - after the Soviet rouble, the 1991-1993 talonas and the litas.
The Lithuanians hurriedly adopted a new monetary unit, the talonas, quickly printed up on the cheapest paper available.
In Latvia, Lithuania, Ukraine, Georgia, Uzbekistan and Tajikistan the initial national currency (Latvian rouble, talonas, karbovanets, coupon, sum coupon and Tajik ruble) were subsequently replaced by new currencies (lats, litas, hryvnia, lari, sum and somoni).