Lithuanian govt backs draft bill for litas repeg

The Lithuanian government on Feb 21, 2001 approved and sent to parliament an amendment aimed at clearing the way for a shift in the litas currency's peg to the euro from the dollar with no devaluation, officials said.

"The government approved a draft amendment to the Litas Reliability Law which ensures that litas will be shifted to the euro from the dollar at the market rate," Arvydas Kregzde, deputy governor of the central bank told reporters. "This should ensure markets that litas will be

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