Lithuania may replace litas with euro in 2006

The Bank of Lithuania governor, Reinoldijus Sarkinas, said on Monday he saw no obstacles to Lithuania adopting the euro as its national currency in 2006 or early 2007.

"It is very possible that this (replacement) will occur in 2006 or in January 2007 at the latest," Sarkinas told reporters after a meeting with the Lithuanian parliament speaker, Arturas Paulauskas. The central bank governor earlier mentioned 2007 or 2008 as possible dates for introducing the euro.

Sarkinas told BNS that recent

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