Lithuania plans to adopt euro in 2007

The Central Bank of Lithuania on Tuesday 18 January announced its intention to replace its national currency, the litas, with the euro on Jan. 1, 2007, the Baltic news service (BNS) reported.

"If approved by the European Union (EU), Lithuania will introduce the euro on Jan. 1, 2007," the BNS quoted the central bank of Lithuania as saying, adding that the litas will continue to be used alongside the euro for two weeks after the euro's introduction.

"The euro will become the only means of payment