Lithuanian litas

The Lithuanian litas (ISO 4217 code: LTL, symbolized as Lt; plural ''litai'' (nominative) or ''litų'' (genitive) was the currency of Lithuania, until 1 January 2015, when it was replaced by the euro. It was divided into 100 centų (genitive case; singular ''centas'', nominative plural ''centai''). The litas was first introduced on 2 October 1922 after World War I, when Lithuania declared independence, and was reintroduced on 25 June 1993 following a period of currency exchange from the Soviet ruble to the litas with the temporary talonas then in place. The name was modeled after the name of the country (similar to Latvia and its lats). From 1994 to 2002, the litas was pegged to the U.S. dollar at the rate of 4 to 1. The litas was pegged to the euro at the rate of 3.4528 to 1 since 2002. The euro was expected to replace the litas by 1 January 2007, but persistent high inflation and the economic crisis delayed the switch.

On 1 January 2015, the litas was switched to the euro at the rate of LTL 3.4528 to 1. Nevertheless, coins and banknotes of the second litas will be exchanged indefinitely into euros by the Bank of Lithuania. Provided by Wikipedia