NationMaster - 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 (â‚¬; 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. ...

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

External Links

Categories: European currencies | Economy of Lithuania | Lithuania The euro (â‚¬; 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. ... Download high resolution version (1200x800, 13 KB) File links The following pages link to this file: Austria Belgium Bulgaria Czech Republic Croatia Cyprus Economy of Cyprus Economy of the Czech Republic Council of Europe Economy of Denmark Drachma European Union Estonia Euro European Parliament Talk:European Union European Free Alliance... The Euro area (also called Euro zone or Eurosystem) is the subset of European Union member states which have adopted the Euro (€) currency, creating a currency union. ... The Schilling was the currency of Austria until the Euro exchange in 2002. ... The Belgian franc (Dutch Belgische frank, French franc belge) was the currency of Belgium before the adoption of the euro. ... The guilder (Dutch gulden), represented by the symbol Æ’, was the name of the currency used in the Netherlands from the 15th century until 1999, when it was replaced by the euro (coins and notes were not introduced until 2002). ... The markka or mark was the currency used in Finland from 1861 until January 1, 1999 (in practice on January 1, 2002), when it was replaced by the euro (â‚¬). The currency code used for the markka was FIM, and the usual familiar notation was a postfix mk. ... French Franc. ... The Deutsche Mark (DM, DEM) was the official currency of West and, from 1990, unified Germany. ... Drachma, pl. ... The Irish pound (Irish: punt) was the currency unit of the Republic of Ireland until 1999. ... Lira is the name of the monetary unit of the former currency of Italy. ... The conquest of most of western Europe by Revolutionary and Napoleonic France led to the francs wide circulation. ... The escudo was the official currency of Portugal prior to the introduction of the euro in January 1, 1999 (euro coins and notes were not introduced until 2002). ... Lira is the name of the monetary unit of a number of countries, as well as the former currency of Italy, San Marino and the Vatican City. ... // The end of the Spanish Peseta (1868-2002) and the introduction of the European Union Euro (From 1999/2002) The PESETA (â‚§, ESP) was the currency of Spain (and Andorra, along with the French franc) until December 31, 1998. ... Lira is the name of the monetary unit of a number of countries, as well as the former currency of Italy, San Marino and the Vatican City. ... 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... The Cyprus Pound, also known unofficially as the Cyprus Lira (from Greek Î›Î¯ÏÎ±, pl. ... The Danish krone is the currency used in Denmark and the Danish dependency of Greenland. ... The Kroon is the official currency of Estonia. ... The lat (in Latvian: lats, plural lati, the ISO 4217 currency code: LVL) is the official currency of Latvia. ... The Maltese lira, known in the Maltese language as the Lira Maltija, is the currency of Malta. ... The tolar has been the currency of Slovenia since October 1991. ... The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, is the currency of the United Kingdom (UK). ... The Koruna (English translation Crown) is the currency used in the Czech Republic and Slovakia. ... Forint, or HUF (Hungarian forint) is the official currency of Hungary. ... Złoty. ... This article deals with the currency of modern Slovakia. ... This article is about the Swedish unit of currency. ...

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