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 ?
She heard about the Litas while traveling abroad, and broached the idea to Fernandez, who runs her own digital advertising company, among other corporate pursuits, and Carol Karthe, a swimming coach, polo player and avid adventure rider.
Your efforts are crucial to the success of LITA and will help us continue to grow in the future.
One of the guys I'm going with went to a travel agents and the girl said that they had hardly any litas left.
8 million litas - the first time that the statistic has increased since the market crashed in October 2008.
With a view to preventing abusive practices and dispelling erroneous perceptions of the evolution of prices, prices will have to be displayed in euro and litas until 30 June 2015.
Alcoholic beverage import turnover has been affected by the crisis as well, putting it at 416 million litas last year, down from 475 million litas in 2008.
19 billion litas through the first eight months of this year.
2 million litas over 9 months for the needy, but has already spent 2.
There are different loan programs for different types of companies, and already hundreds of millions of litas have been disbursed to banks.
A total of 87 million litas (25 million euros) will be saved in 2010, if the ceiling is decreased from 7,440 to 3,720 litas.
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.