Thursday, January 1, 2015

Euro, Lithuania welcomes the single currency – Rai News

Euro, Lithuania welcomes the single currency – Rai News



It ‘s the 19th country to use the European currency

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Now you can pay also in Lithuania with the European currency. The single currency, created 15 years ago and in actual circulation by 13, is then used in 19 countries. Despite the crisis, Euroscepticism and the various hypotheses of referendum to return to the old national currencies, and despite concerns of the markets for the next elections in Greece, the Euro then continues its path of the single currency was launched in 1999 by Belgium , Germany, Ireland, Spain, France, Italy, Luxembourg, Netherlands, Austria, Portugal and Finland, which was subsequently added to Greece in time for the start of the circulation of coins and banknotes since 2002.

The accession of Vilnius, according to the Vice President of the European Commission responsible for the single currency, the “close” baltic Valdis Dombrovskis, Latvian, “marks the completion of the return of all the Baltic States in the heart of the political and economic system of our continent. It ‘a symbolic date not only for Lithuania, but for the same Eurozone, which remains stable, attractive and open to new entrants. ”

The Commissioner for Economic and Financial Affairs Pierre Moscovici however recalls that “sound fiscal policies and structural reforms successfully conducted from Lithuania have generated growth rates among the highest in Europe, accompanied by a steady decline in unemployment. ” From today, following a practice already tested and perfected over the past two years from Latvia and Estonia, the euro will gradually replace the “lita” as the currency of payment. It ‘will be a transition period of two weeks, during which the two currencies will be used in parallel to allow the withdrawal of the analyte. The official conversion rate is a euro for 3.45289 litas.

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