Lithuania's central bank said on Jan. 24 its board would consider draft amendments to a law on Jan. 25 aimed at clearing the path for a shift in the litas currency's peg to the euro from the dollar. The Bank of Lithuania is looking to shift the peg on or about one month after January 1, 2002, provided it can get the legislative groundwork prepared so the move can be done under a guarantee that there will be no devaluation.

"The notions suggested in the draft would allow to peg the litas to the