Lithuania (since 1 January 2015)

Lithuania joined the euro area on 1 January 2015. On that day the euro replaced the litas at the fixed exchange rate of €1= LTL 3.45280. The irrevocably fixed exchange rate is €1= LTL 3.45280.

Exchanging Lithuanian litas

Lietuvos bankas

At post offices, credit unions and banks

Litas banknotes and coins can be exchanged at 330 post offices and some credit unions in Lithuania at the fixed exchange rate, free of charge, until 1 March 2015. They can be exchanged at all banks until 30 June 2015. Certain banks will continue to exchange litas banknotes until 31 December 2015.

At Lietuvos bankas

The central bank will exchange litas banknotes and coins at the fixed exchange rate in unlimited amounts for an indefinite period. This service is also free of charge.

At other euro area national central banks

Other euro area national central banks will exchange litas banknotes, free of charge, at the fixed exchange rate from 1 January to 28 February 2015. The amount that can be exchanged is limited to €1,000 for any given party/transaction on any one day.

Key changeover dates at a glance

23/07/2014
EU Council approved Lithuania’s admission to euro area.
24/07/2014
Minting of Lithuanian euro coins started.
22/08/2014
Prices in Lithuania began to be shown in both litas and euro until 30 June 2015. “Fair euro introducer” campaign.
01/10/2014
Transfer of euro coins from Lietuvos bankas to commercial banks started.
01/11/2014
Transfer of euro banknotes from Lietuvos bankas to commercial banks started.
01/12/2014
Transfer of euro banknotes and coins from commercial banks to businesses, retailers and cash machine operators started.
01/12/2014
Coin starter kits, each containing the eight denominations, went on sale at Lietuvos bankas and commercial banks. They were also available at post offices from 4 December 2014.
01/01/2015

Euro introduction

Euro banknotes and coins started circulating and bank accounts were converted into euro.
01/01/2015
For two weeks, to smooth the transition, both currencies - litas and euro - are in circulation and can be used for payments.
16/01/2015
Euro banknotes and coins become sole legal tender.
 
Exchanging litas for euro free of charge
01/03/2015
Deadline for exchanging litas banknotes and coins at post offices and some credit unions.
30/06/2015
Deadline for exchanging litas coins at commercial banks and litas banknotes at most commercial banks.
31/12/2015
Deadline for exchanging litas banknotes at the remaining commercial banks.
No deadline
Litas banknotes and coins can be exchanged at Lietuvos bankas indefinitely.

Euro information campaign

The European Central Bank (ECB) and Lietuvos bankas are carrying out a joint Euro information campaign including:

  • publications on euro banknotes and coins and the cash changeover; In particular, each household in Lithuania received a leaflet entitled ‘Are you ready?’;
  • a mass media campaign based on two short films for TV and online use in English and Lithuanian on the cash changeover and how to check euro banknotes and coins. The campaign also includes print, outdoor and online advertising;
  • a high-level Euro Conference that took place on 25 September 2014;
  • the Euro Exhibition at the Palace of the Grand Dukes of Lithuania in Vilnius

Let's join forces: the Partnership Programme

Lietuvos bankas and the European Central Bank invited businesses and organisations to join forces with them to spread information about the euro in Lithuania. As a “partner”, they had access to information and materials on the euro that they could pass on to their customers, clients, members and employees. This was a good way to ensure that all the stakeholders had accurate and timely information from reliable sources.

Press releases and publications

16/01/2015
Press release: Euro changeover successfully completed in Lithuania
ENGLISH
OTHER LANGUAGES (1) +
Select your language
16/01/2015
Video: “The Euro’s Journey to Lithuania” ©Lietuvos bankas en/lt
01/01/2015
Press release: Lithuania joins the euro area
23/10/2014
Video: “Lithuania introduces the euro – Journey” en lt
23/10/2014
Video: “Lithuania introduces the euro – Meet our money” en lt
23/10/2014
Publication: Flyer for the Euro Exhibition Vilnius en/lt en/pl en/ru
23/10/2014
Press release: Lietuvos bankas press release on the opening of the Euro Exhibition Vilnius en lt
23/10/2014
Video: Euro Exhibition Vilnius – Highlights video
23/10/2014
Images: Euro Exhibition Vilnius and launch of the communication campaign for the euro introduction in Lithuania browse images
23/10/2014
Speech: Address by Ton Roos, Director Banknotes, European Central Bank en lt
23/10/2014
Speech: Address by Vitas Vasiliauskas, Chairman of the Board, Lietuvos bankas en lt
25/09/2014
Video: Euro Conference – Highlights video
25/09/2014
Speech: Keynote speech by Mario Draghi, President of the ECB, at the Euro Conference Lithuania
ENGLISH
OTHER LANGUAGES (1) +
Select your language
25/09/2014
Press release: Press releases from Lietuvos bankas on the Euro Conference Lithuania en lt
25/09/2014
Images: Euro star handover - Lithuania browse images
25/09/2014
Images: Press conference browse images
25/09/2014
Images: Opening address and keynote speeches browse images
25/09/2014
Images: Panel discussion “Single market, single currency, common future” browse images
25/09/2014
Video: Euro star handover – Highlights video
25/09/2014
Publication: “€ OUR money” leaflet lt pl ru
25/09/2014
Publication: Easy to check Lithuania 2015 ENGLISH LIETUVIŲ POLSKI RUSSIAN
25/09/2014
Publication: Are you ready? € day Lithuania = 1 January 2015 - Discover the euro banknotes and coins ENGLISH LIETUVIŲ POLSKI RUSSIAN
25/09/2014
Audio File: €-day = 1 January 2015. Are you ready? Talking card LIETUVIŲ LIETUVIŲ
25/09/2014
Publication: Quick guide to the security features of euro banknotes ENGLISH LIETUVIŲ POLSKI RUSSIAN
25/09/2014
Publication: Real or Fake? ENGLISH LIETUVIŲ POLSKI RUSSIAN
23/07/2014
Press release: Communiqué of the European Central Bank and Lietuvos bankas
23/07/2014
Press release: Press release from the Council of the European Union en fr
23/07/2014
Publication: Timeline “The euro comes to Lithuania” ENGLISH LIETUVIŲ POLSKI RUSSIAN
23/07/2014
Publication: Poster showing euro banknotes and coins Multilingual
23/07/2014
Video: Lithuanian euro coins (3D video) © Lietuvos bankas video
23/07/2014
Video: Minting of Lithuanian coins © Lietuvos bankas video