The small Baltic country, which joined the European Union in 2004, originally had planned to adopt the euro next year, but the government delayed the target date to 1 January 2008.
However, the central bank said it was "unrealistic" to join the euro zone in the next three years, as inflation is expected to continue to soar.
The central bank said it
- World’s largest SWF bars investment in four companies for guideline breaches
- ECB needed better data in 2008 crisis, says Lautenschläger
- Brazilian government must respect central bank independence – IMF
- Is the pursuit of a common accounting standard for gold a fool’s errand?
- Seychelles must act fast on money-laundering, says central bank