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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 collector coins issued between the years 1993 and 2022. Until 2014 its currency was the Litas and since 2015 it has formed part of the single European currency, the Euro.Before leaving you with the aforementioned catalogue, we will do a brief review of what their currency was until very recently, and what it is today.
The litas
The litas was introduced to Lithuania in 1922 after Lithuania's declaration of independence from the German occupying forces. The litas was again the official currency of Lithuania from 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 the replacement of the Soviet ruble and determine the exchange rate. The reason for waiting 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 backup funds 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 the replacement of the Soviet ruble and determine the exchange rate. The reason for waiting 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 backup funds for the litas.
The euro
Lithuania became the 19th country to adopt the Euro on January 1, 2015. 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 the 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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