2005-04-25
At a meeting held on 25 April at the Klaipeda Chamber of Industry, Trade and Crafts visitors from Vilnius - representatives of the Bank of Lithuania, SEB Vilniaus bankas and Nordea Bank Finland Plc Lithuania Branch - presented the plans for the adoption of the euro in the country and reviewed the macroeconomic situation, the scenario of the euro changeover and answered the questions of the businessmen.
Mr Vaidievutis Geralavicius, Member of the Board of the Bank of Lithuania, reviewed preparations for the adoption of the euro and presented the Draft Law on the Adoption of the Euro currently considered by concerned institutions and organisations. The purpose of the law is to establish the procedures on the preparation to adopt the euro, arrangements for the cash changeover and withdrawal of the litas from circulation.