Lithuanians still hold €152 million in Litas a year after adoption of Euro

The Lithuanian Litas
DELFI / Mindaugas Ažušilis

Based on data provided by the Bank of Lithuania, Lithuanian residents exchanged cash amounting to nearly LTL 5.3 billion (€1.53 billion) from 1 January 2015 to the end of November. According to the bank, residents have still kept 11.6 million litas banknotes and 855.8 million litas coins. So far, the Bank of Lithuania has received 80 percent of all litas banknotes and 22 percent of all coins.

€2 billion in cash issued by the Bank of Lithuania is in circulation at the moment, which is a third lower than there should be because many people kept their money in their bank accounts after depositing it prior to the currency exchange.

You may like

Be the first to comment

Leave a Reply

Your email address will not be published.