Bank of Lithuania
2014-03-25
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The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas, continues to meet with heads of the euro area states’ central banks and on Tuesday met in Amsterdam with the head of the central bank of the Netherlands (De Nederlandsche Bank), Klaas Knot.  On the evening before, in Luxembourg, V. Vasiliauskas discussed the latest economic indicators and projections with the head of the country’s central bank, Gaston Reinesch.

“The heads of the central banks of Luxembourg and the Netherlands were presented with Lithuania’s economic status and the most up-to-date economic projections of the Bank of Lithuania. According to them, Lithuania will most likely be in compliance with all the criteria necessary to be able to adopt the euro in 2015”, says V. Vasiliauskas.

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The Chairman of the Board of the Bank of Lithuania, Vitas Vasiliauskas and the head of the central bank of the Netherlands (De Nederlandsche Bank), Klaas Knot (right) / Photo The central bank of Luxembourg

The Chairman of the Board of the Bank of Lithuania this half-year plans to meet with heads of other euro area country central banks, to which he will present Lithuania’s economic development and the prospects of euro adoption in Lithuania. Meetings with the heads of the central banks of Germany, France, Italy, Spain, Belgium and Austria have already taken place.

After a few months the European Central Bank and the European Commission will present an assessment on whether Lithuania has met the euro area membership criteria. It is expected that the final decision on the euro adoption in Lithuania in 2015 will be made mid-year.