Lithuanians to mint euro-money

  • 2006-01-25
The Bank of Lithuania announced last week that it intended to acquire new banknote and coin processing equipment for some 6 million litas (1.74 million euros). Previously the bank had said it wanted to acquire one new and upgrade four existing banknote processing systems, which are used to sort the notes out into the ones suitable for further use and no longer suitable for circulation.

"This is also related with the introduction of the euro. We will have sufficient equipment following that purchase and taking into consideration the existing equipment," said Audrius Misevicius, a board member of the central bank.

The bank also wants to purchase a banknote sorting machine, banknote and coin counting machines, coin counting and wrapping machines adjusted for euro coins, coin wrapping machines, a coin counter and a coin exchange machine.