Half of Lithuanian euro coins already minted

2014-09-23, 14:06

Published in Economy

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BFL / Inga Juodyte

Lithuanian Mint has already minted about half of the Lithuanian euro coins planned for this year - 97 million pieces. This is about one quarter of the estimated amount to be issued in two years' time. According to the head of the Bank of Lithuania, coins have landed in stores.

'Half of this year's planned coins are already in storage,' said Chairman of the Board of the Bank of Lithuania Vitas Vasiliauskas during the press conference on Monday.

Euro banknotes which the Lithuanian bank will borrow from the German central bank will be brought to country in December.

'We will get 132 million pieces of euro banknotes from the German central bank and we will refund them within two years. (...) The delivery of banknotes will be made at the end of the year, the placing will be done to Lithuania by the air path,' said the Chairman of the Board of the central bank.

According to Vasiliauskas, about 1.2 billion units of litas coins are currently in circulation; one-third of them is going to return.

All in all, about 370 million units of Lithuanian euro coins will be minted this year and next year. Lithuania will adopt euro in January 2014.

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