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CNB > Financial markets > Foreign exchange market information > Central bank exchange rate fixing > The exchange rate of the Lithuanian currency (LTL) ceases to be published

The exchange rate of the Lithuanian currency (LTL) ceases to be published

18 Dec 2014

With effect from 1 January 2015 Lithuania will adopt the euro, which will replace the local currency Lithuanian litas (LTL).

In connection with this change the Czech National Bank will implement a change of exchange rate publishing with effect from 2 January 2015. LTL will be removed from the CNB’s exchange rate fixing.

The exchange rates effective from 31 December 2014, which will be declared on 31 December 2014, will be published in the existing form. The new list of exchange rates effective from 2 January 2015, which will be declared on 2 January 2015, will not contain the Lithuanian litas.

Under the Act on Accounting and other legal regulations, the exchange rates are used for non-trading purposes (valuing assets and liabilities, tax and customs proceedings, etc).