Countdown timer to officially mark Lithuania euro entry

  • 2014-07-23
  • From wire reports, VILNIUS

Lithuania will become the 19th member to adopt the euro currency

A countdown timer will be installed in Lithuania marking the time left until the country officially adopts the euro currency.

The timer, which will be placed above the door of the Bank of Lithuania in Vilnius on Gedimino avenue, will count down in seconds, minutes, hours and days to 1 January 2015, when Lithuania will adopt the euro. 

In addition, the board of the countdown timer will remind residents about the irrevocably fixed conversion rate of litas and euros set to be announced by EU officials on Wednesday.

According to this rate, from 1 January 2015 litas will be converted to euro, wages, pensions, social benefits, tariffs, prices and other important amounts will be recalculated.

Lithuania will become the 19th EU member state to adopt the euro.