The current currency of Lithuania is Litas, which symbolized as LTL for ISO code. The symbol of Lt is written after amount e.g. 100 Lt. Litas are divided into 100 centas and it became the official unit of exchange in this region after Lithuania regained its independence in 1990. Coins of Litas are circulating with denominations of 1, 2, 5, 10, 20 and 50 centas and 1, 2, 5 and 10 litas. The title of designing these coins is crowned by the Juozas Zikaras who was a sculptor by profession. Paper currency prevails in the country with denominations of 1, 2, 5, 10, 20 and 50 centas and 1, 2, 5, 10, 50, 100, 500 and 1000 litas. The most popular currency exchange with Litas is Euro to LTL.

Litas were first introduced in the country with the independence of Lithuania in 1922. However, the country then replaced the currency with the soviet ruble which went on until 1993, with the fall of Soviet Union. In 2010, Lithuania announced that it will be replacing its currency with Euro, however due to low economic value, its introduction was postponed. The Litas are expected to be replaced by European Euro in 2014, subject to economic condition and international exchange rate of its currency.

Lithuania Currency Litas

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April 7, 2011 | Afifa Gillani | No Comments | 976 views