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For today we have a very complete catalog shared by the Bank of Lithuania (Lietuvos Bankas) in which it shows us all the commemorative and collectible coins issued between the years 1993 to 2020. Until 2014 its currency was the Litas and since 2015 it began to form part of the single European currency, the Euro.Before leaving you with the aforementioned catalog, we will do a brief review of what was its currency until very recently, and what it is today.
The Litas
The litas were introduced into Lithuania in 1922 after Lithuania's declaration of independence from the German occupation forces. The litas was again the official currency of Lithuania since June 25, 1993.
The introduction of the litas for the second time was prepared even before Lithuania gained independence from the Soviet Union. The Bank of Lithuania was established on March 1, 1990, 10 days before Lithuania declared its independence. In 1991, the Litas Committee was created to prepare for the replacement of the Soviet ruble and to determine the exchange rate. The reason it was waited until 1993 was mainly to allow a period for the country's economy to stabilize after independence and thus not expose the litas to a relatively high rate of inflation, in addition to the need to raise funds to support it. for the litas.
The introduction of the litas for the second time was prepared even before Lithuania gained independence from the Soviet Union. The Bank of Lithuania was established on March 1, 1990, 10 days before Lithuania declared its independence. In 1991, the Litas Committee was created to prepare for the replacement of the Soviet ruble and to determine the exchange rate. The reason it was waited until 1993 was mainly to allow a period for the country's economy to stabilize after independence and thus not expose the litas to a relatively high rate of inflation, in addition to the need to raise funds to support it. for the litas.
The euro
Lithuania became on January 1, 2015, the 19th country, the last for now, to adopt the Euro. This small country, which does not even have three million inhabitants, originally planned to enter the eurozone on January 1, 2007, then in 2010 and later in 2013. All dates had to be postponed as they did not meet the so-called criteria convergence agreed in the Maastricht Treaty in 1992.
Catalogue
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