Lithuanian litas conversion

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Lithuanian litas

Abbreviation/Symbol:

  • litai
  • litų
  • centai
  • centų

Worldwide use:

  • Lithuania

Description:

The Lithuanian Litas is the official currency of Lithuania. One Lithuanian Litas is worth 100 Centai. Coins are issued in 1, 2, 5, 10, 20 and 50 Centai as well as 1, 2 and 5 Litai (plural for Litas). Banknotes come in 10, 20, 50, 100, 200 and 500 Litai. Lithuania is expected to adopt the Euro as its currency on 1 January 2015.

Lithuania has had many problems with counterfeiting of Lithuanian Litas banknotes. This was mainly due to low quality printing as a result of trying to reduce costs of production.

Origin:

The Lithuanian Litas replaced the Ostmark and Ostruble when Lithuania claimed its independence following World War I in 1922. However, in April 1941, Lithuania was taken over by the Soviet Union and so the Lithuanian Litas was replaced by the Soviet Ruble. Following Lithuania’s independence in 1990, the Lithuanian Talonas was issued as a temporary currency before the Lithuanian Litas was re-established in 1993.

Component units:

  • centas (100)

Date introduced:

  • 2 October 1922

Central bank:

  • Bank of Lithuania

Printer:

    Mint: