ECB: Lithuania to join euro area and single supervisory mechanism (SSM) on 1 January 2015 Today the EU Council formally approved the accession of Lithuania to the euro area on 1 January 2015 and determined the euro conversion rate of the Lithuanian litas at 3.45280 to 1 (coinciding with the level of the current central rate of the litas in the exchange rate mechanism ERM II). More...

Lithuania Is Accepted into the Eurozone, from 1 January 2015 the Euro Is to Be the National Currency of Lithuania Today the European Union General Affairs Council of Ministers has adopted the final decision on Lithuania’s participation in the Economic and Monetary Union (EMU) from 1 January 2015. From this date Lithuania will become the 19th full-fledged member of the eurozone, which will start using the euro as the single currency of the European Union. More...

Clock will count down the time left until euro adoption When the Council of the European Union reached the final decision on the euro adoption in Lithuania, in Vilnius, Gediminas avenue, over the doors of the Bank of Lithuania, a special clock began to count down the time left until the historical date — 1 January 2015, when the euro will become Lithuania’s currency. More...

Information about the adoption of the euro will be provided both to the blind and deaf The Bank of Lithuania, aiming at the widest possible dissemination of information about the euro and aspects of its adoption, has initiated meetings with representatives of organisations uniting people with disabilities (the blind and the deaf). During these meetings, the most effective modes of cooperation in disseminating information about the euro adoption for their communities in Lithuania have been discussed. More...

Banks have made a commitment, during the adoption of the euro, to work longer and provide favourable conditions for a smooth changeover Commercial banks in Lithuania, on Thursday, signed a Memorandum of Understanding on Good Practice during the Preparation for the Adoption of the Euro with the Bank of Lithuania. By this Memorandum, banks have made a commitment, during the most intensive changeover period, to serve customers at their branches longer, provide favourable conditions for putting cash litas into bank accounts, as well as apply other measures so that residents and businesses could exchange their money as smoothly as possible. More...

Lithuania’s population will be directly informed on the irrevocable litas and euro exchange rate The Bank of Lithuania, aiming at the widest possible dissemination of information about the euro and aspects of its adoption, has initiated meetings with representatives of organisations uniting people with disabilities (the blind and the deaf). During these meetings, the most effective modes of cooperation in disseminating information about the euro adoption for their communities in Lithuania have been discussed. More...

European Parliament Says “Yes” to Lithuania’s Membership in Eurozone Strasbourg, 16 July. The European Parliament at its meeting today approved the European Commission’s proposal on the adoption of the euro in Lithuania from the beginning of the next year. 545 Members of the European Parliament voted in favour of the position approving Lithuania’s membership in the eurozone from 2015. More...

Traders in Gariūnai have been introduced to the security features of euro banknotes and coins During three seminars organised in Gariūnai, the largest marketplace in the Baltic States, small retailers have been introduced to Lithuania’s future currency, the euro. More...

The European Council Approved the Adoption of the Euro in Lithuania Brussels, June 27. On Friday at the meeting in Brussels the European Council (EC) approved the European Commission proposal for the adoption of the euro in Lithuania from the beginning of the next year. This decision was embedded in the conclusions adopted by the leaders of the European Union (EU) countries. More...

The First Stage of Seminars on the Euro: 40 Cities and Towns, more than 2200 Participants Vilnius, 17 June. Today the seminar in Klaipėda ends the first stage of information events on the euro. From April these educational seminars were held by the specialists of the Ministry of Finance and the Ministry of Economy as well as the Bank of Lithuania in more than 40 cities and towns of Lithuania, which were attended by over 2200 participants. More...