2014-01-23
The Seimas was presented with the Draft Law of the Republic of Lithuania on the Adoption of the Euro
Today the Seimas, after the Draft’s presentation and with a majority vote, agreed on the Draft Law of the Republic of Lithuania on the Adoption of the Euro as well as applicable laws. Under request of the Government, the project and legislation will be urgently discussed and should be adopted during the Seimas’ spring session, which will begin in March.
The Draft Law of the Republic of Lithuania on the Adoption of the Euro was prepared by the Bank of Lithuania and presented to the Government.
The Draft Law was also presented to the European Central Bank; its comments will be assessed during the Draft’s consideration at the Seimas.
The Law of the Republic of Lithuania on the Adoption of the Euro will define the procedure for preparations to adopt the euro, litas to euro changeover and the withdrawal of the national currency from circulation, regulate other practical aspects of euro adoption.