Lithuanian Litas, the currency of Lithuania
Lithuanian litas (code: LTL) is divided into 100 centu. The litas was first introduced in 1922 after World War I, when Lithuania declared independence and was reintroduced on June 25, 1993, following a period of currency exchange from the ruble to the litas with the temporary talonas then in place. The name was modeled after the name of the country (similarly to Latvia and its lats). From 1994 to 2002, the litas was pegged to the U.S. dollar at the rate of 1 to 4. Currently the litas is pegged to the euro at the rate of 3.4528 to 1. It is expected that the litas will be replaced by the euro by January 1, 2010, but due to the current rate of inflation, this date may be delayed for another three years until 1 January 2013.
To perform conversions between Lithuanian Litas and other currencies
please try our
Currency Unit Converter
| || USD|| EUR|| GBP|| JPY|| CAD|| AUD|| CHF|| RUB|| CNY|| ZAR|| MXN|
|1 LTL =||0.38635||0.28962||0.24711||37.6592||0.39883||0.42110||0.35779||12.7102||2.36254||3.86463||4.96443|
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