What currency was reintroduced into Lithuania in 1993? - ProProfs Discuss
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What currency was reintroduced into Lithuania in 1993?



A. Kroon
B. Zlot
C. Dollar
D. Litas

This question is part of Interesting Quiz On Countries of The World
Asked by Alfred Hook, Last updated: Aug 22, 2018

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2 Answers

L. Sevigny

L. SevignyDoctor, Las Vegas
Doctor, Las Vegas

Answered on Aug 22, 2018

Litas were reintroduced. LTL symbolized as Lt is the currency of Lituania. It is divided into cents or Cintas. The name fashioned after the name of the country is similar to Lavita and Lats and was first introduced in 1922. After WWI, when Lithuania declared independence and was reintroduced in 1993.

The euro was expected to take the place of the litas by January 2007, but continued high inflation and the economic crisis postponed the switch. In January 2015, the litas was switched to the euro. In the face of worldwide depression, the litas appeared to be a reliable and stable currency.

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Alfred Hook

Alfred Hook

Answered on Nov 06, 2017

Litas
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