2014-02-11
Nearly 200 answers to questions about Europe’s single currency and its adoption in Lithuania — on the Internet
The website www.euro.lt posts nearly 200 answers to frequently asked questions about preparations for euro adoption in Lithuania and the future currency. The answers to the questions were prepared by the Bank of Lithuania, Ministry of Finance, State Tax Inspectorate, Sodra and other state institutions.
Website visitors will find answers to questions about the benefits of the euro and what the costs will be, consumer information and protection of interests, the principles of the conversion of prices from litas into euro, their dual display, and how the control of whether this is done fairly will be implemented. Useful information is presented to the population and businesses about cash litas exchange into euro, the requirements to be applied to litas conversion into euro and rounding, conversion of wages and salaries, scholarships, pensions, allowances and other benefits.
Among the frequently asked questions are, what about loans in litas during the adoption of the euro, how long will it be possible to pay in litas banknotes and coins, how long and where will cash litas be exchanged into euro, how will non-cash payments be conducted.
A great number of questions and answers concern tax payments following the adoption of the euro. It is also informed about euro banknotes and coins; general information on the euro, euro area, the European System of Central Banks, Eurosystem, etc. is provided.
The section frequently asked questions and answers will be constantly updated.