Lithuania

Money & costs

Money

The Lithuanian litas (Lt) will remain firmly in place until at least 2007 when Lithuania could possibly trade in its litas for the euro. Some hotels and restaurants already list prices in euros as well as litų, but payment is still in litų only.

The litas (plural: litų or litai) is divided into 100 centai (singular: centas). It comes in note denominations of 10Lt, 20Lt, 50Lt, 100Lt, 200Lt and 500Lt and coins of 1Lt, 2Lt and 5Lt alongside the virtually worthless centai coins. Since 2002 the litas has been pegged to the euro at a fixed rate of 3.45Lt. For seven years previously, the US dollar served as the peg.