On the 1st January 2015 Lithuania will become the 19th European country to adopt the euro currency as its main and single currency of the European Union. For those looking to change GBP to Litas we would recommend now changing your currency to the euro currency for use as travel money when visiting Lithuania on holiday or for business travel in the New Year.
If for any reason you already have Lithuanian money then it might be possible to change the Lithuanian currency at the post offices and banks in Lithuanian for the first few months of 2015 without incurring any charges whilst the transition of the currency is completed which might also mean that vendors and retailers would also be willing to accept the old Lithuanian currency for a short period of time.
The Lithuanian Litas currency has been pegged to the euro currency exchange rate since 2002 at the rate of 1 Euro = 3.45820 Lithuanian Litas and full adoption of the euro currency will commerce from the 1st January 2015 according to the Bank of Lithuania where you can find more information on their website about how they are integrating the new euro currency in the coming months into the local banking system.
To date there are 18 other countries in Europe who have already adopted the euro currency which includes Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Lativa, Luxembourg, Malta, The Netherlands, Portugal, Slovakia, Slovenia and Spain. The following infographic which we found on the Debating Europe website shows how people from Estonia felt when they adopted the euro currency back in 2011:
If you are looking to buy the euro currency then please come and compare the best UK currency suppliers and exchange rates to change your pounds to Euros before travelling as exchange rates on the high street and airport exchange bureau’s can often be 10% more expensive than online currency exchange rates. Alternatively, if you have just come back from Europe or Lithuania you can use our currency buy back service which allows you to find the best online exchange rates and UK currency suppliers for selling back your euro currency money or old Lithuanian Litas.