DELFI / Mindaugas Ažušilis
“Turnover in euros has exceeded turnover in litas. Today, it’s more than 2.5 billion euros [worth of cash] and euros account for more than 50.4 percent of that amount,” Vitas Vasiliauskas said at a news conference on Friday.
He noted that Lithuania had crossed the symbolic 50-percent threshold quicker than Latvia.
“Today is the day of breakthrough in cash in circulation… That day came sooner than in Latvia or Estonia,” Vasiliaskas said, adding that this proved the popularity of the single European currency in the country.
“This shows that payments with euros took hold in the first week from the adoption of the single currency, which indicates that the euro is a popular tool… and I believe that the euro will probably achieve absolute dominance in cash payments by the end of those two weeks of dual circulation,” he said.
Lithuania adopted the single currency on 1 January. The litas and euro cash will be in dual circulation until 15 January.
On the eve of the Independence Day of the Republic of Kazakhstan, on December 13,…
Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…
In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…
"We can shout very loudly, but it won't change the position of the American people,"…
From mocking messages flooding social networks to harsh criticism from political experts, the decision of…
Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…