Lithuania becomes the 19th Member State to adopt the euro
EU News 1/2015
With Lithuania's adoption of the euro on 1 January, some 337 million Europeans in 19 Member States now share the same currency. This is a major achievement for Lithuania and for the euro area as a whole. Lithuanians are now withdrawing euro cash and paying for their purchases in euro.
The euro will gradually replace the litas as the currency of Lithuania. There will be a dual circulation period of two weeks, during which the two currencies will be in use alongside each other in order to allow for a progressive withdrawal of Lithuanian litas. When receiving a payment in litas, the change will be given in euro. This has been made possible thanks to thorough preparations ahead of the introduction of the single currency.
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