Lithuanian litas

The Lithuanian litas (ISO currency code LTL, symbolized as Lt; plural litai (nominative) or litų (genitive) was the currency of Lithuania, until 1 January 2015, when it was replaced by the euro. It was divided into 100 centų (genitive case; singular centas, nominative plural centai). The litas was first introduced on 2 October 1922 after World War I, when Lithuania declared independence and was reintroduced on 25 June 1993, following a period of currency exchange from the ruble to the litas with the temporary talonas then in place.[1] The name was modeled after the name of the country (similar to Latvia and its lats). From 1994 to 2002, the litas was pegged to the U.S. dollar at the rate of 4 to 1. The litas was pegged to the euro at the rate of 3.4528 to 1 since 2002. The euro was expected to replace the litas by 1 January 2007, but persistent high inflation and the economic crisis delayed the switch. On 1 January 2015 the litas was switched to the euro at the rate of 3.4528 to 1.[2]

Lithuanian litas
Lietuvos litas (Lithuanian)
200 LTL banknote
ISO 4217
CodeLTL
Number440
Exponent2
Denominations
Subunit
1/100centas
Plurallitai (nom. pl.) or litų (gen. pl.) or litu (nom. dl. in pre-war period)
centascentai (nom. pl.) or centų (gen. pl.) or centu (nom. dl. in pre-war period)
SymbolLt (litas), ct (centas)
Banknotes
Freq. used10, 20, 50, 100, 200 litų
Rarely used500 litų
Coins
Freq. used1 centas, 10, 20, 50-centų, 1 litas, 2, 5 litai
Rarely used2, 5 centai
Demographics
User(s)None, previously:
Lithuania
Issuance
Central bankBank of Lithuania
Websitelb.lt
Valuation
Inflation1.4%
SourceEuropean Central Bank, April 2013
MethodHICP
ERM
Since28 June 2004
Fixed rate since2 February 2002
Replaced by €, cash1 January 2015
=3.45280 Lt (permanent)
Bandpegged in practice, 15% de jure
This infobox shows the latest status before this currency was rendered obsolete.