Litas to be pegged amid preparations for EU

Lithuania, while preparing for its membership in the European Union (EU), plans to keep litas pegged to dollar and later to euro, the board of the Bank of Lithuania announced after discussing its participation in the processes of Lithuania's preparation for the EU membership.

"One of the main goals of the medium-period is to replace pegging of the national currency to the US dollar by pegging it to euro. Pegging of litas to euro by the fixed rate will allow to carry out the provisions of the a