LITHUANIA: CENTRAL BANKER SAYS LITHUANIA COULD REPLACE LITAS WITH EURO IN 2006.(Brief Article)

IPR Strategic Business Information Database | January 22, 2003 | Copyright

After a meeting with parliamentary Chairman Arturas Paulauskas, Bank of Lithuania Chairman Reinoldijus Sarkinas told a press conference in Vilnius on 20 January that he sees no obstacle to Lithuania's adoption of the euro in 2006 or January 2007 at the latest, BNS reported. Sarkinas previously mentioned 2007 or 2008 as possible dates for introducing the euro, but after the Estonian and Latvian prime ministers stated that their countries expect to join the European Exchange Rate Mechanism (ERM II) in 2004 and enter the euro zone in 2006, he revised his position. Sarkinas said ...

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