Lithuanian Litas

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Lithuanian Litas

The currency of Lithuania. It was introduced in 1993, replacing the talonas, which was itself a temporary currency to replace the Soviet ruble. Between 1994 and 2002, the litas was pegged to the U.S. dollar. Since then, it has been pegged to the euro in preparation for Lithuania joining the eurozone. While the Lithuanian government hoped to replace the litas with the euro in 2010, high inflation has pushed the date back to 2013.
References in periodicals archive ?
But the rest of us are left without two litas to rub together.
A spokesman for Direct Holidays currency department said: "We are out of litas at the moment.
8 percent of the total, whereas loans in litas made up 28.
According to Zuokas, a taxi company with a decent bookkeeping should charge its customers from 2 litas to 2.
Due to the increased excise tax, the country collected nearly 160 million litas less last year, compared with 2008," Vilimas asserted.
The government will have to allocate up to 100 million litas for student loans this year; approximately 1.
2 million litas over 9 months for the needy, but has already spent 2.
VILNIUS -- The Lithuanian government's stimulus plan has begun pumping hundreds of billions of litas back into the country's beleaguered economy.
The government has made a categorical statement that they would not devalue the litas in the foreseeable future, noting the currency board agreement's importance for financial stability.