Lithuanian c-bank to switch some reserves to euro

LITHUANIA - Lithuania's central bank said on 28 June it would "soon" start exchanging some of its reserves into euro to prepare for the change of the national currency's anchor to the euro from the dollar in February.

"There are no regulations (how large the euro share of central bank reserves should be) but the process will start soon (of shifting reserves into euros)," central bank head Reinoldijus Sarkinas told a news conference.

"And a chunk, at least the part to cover litas in circulation,