Lithuania already in the euro area: had to borrow 132 million euro … – Polish Radio

Lithuania already in the euro area: had to borrow 132 million euro … – Polish Radio

  The first euro banknote pulled from an ATM Prime Minister Algirdas Butkevičius. Head of the Lithuanian government was accompanied by Prime Minister of Estonia Taavi Rõivas and Latvian Foreign Minister Edgars Rinkeviczs. , photo: EPA / VALDA Kalnina Supplier : PAP / EPA.
 

Lithuania joined the euro area, becoming the 19th country to use the single European currency and the last of the three Baltic states, which have decided to this step.

The official rate, set in the middle of the year by the Council of the European Union, is 3.45 litas for one euro. Since August prices in the shops are already given in two currencies.
accordance with the adopted rule, euro coins in all EU countries have a common reverse and obverse national. Lithuanian euro coins are minted image Chase – armored knight on horseback, which is the emblem of the country.

Their national currency for more than a decade was “rigidly connected” to the euro. For half a year the prices of all goods and services to be provided in both currencies.

The introduction of the euro in Lithuania is the final stage of integration with the European Union and increase security of the country. So in a short speech, President Dalia Grybauskaite commented introduction of the euro. Lithuania is the last country Baltic states, which have given up their national currency.
As stressed Dalia Grybauskaite, citizens should be proud of the fact that Lithuania for the years of preparation was prepared to accept EUR0.

Prime Minister of Lithuania Algirdas Butkeviczius just before New Year’s Eve assured that his country is well prepared for the introduction of European currency. Today at midnight local time in the center of Vilnius, together with the Prime Minister of Estonia Taavi Rõivas and Latvian Foreign Minister Edgar Rinkeviczsem, head of the Lithuanian government took a first euro banknote from an ATM.

Lithuania borrowed millions of euro banknotes in Germany

Bankers announced that it will cease to operate Internet account. Technological break may take up to Friday. Until the last hours were filled ATMs common European currency. To effectively carry out this operation, the central bank borrowed from Germany 132 million pieces of notes. The Lithuanian Mint will strike a total 370 million coins with the emblem of the country.

The central bank announced a surprise for newborn Lithuanians. Those who were born on January 1, will receive a commemorative coin minted first Lithuanian euro. On the transfer of banknotes bankers, however, not mentioned.

IAR, jk