Lithuania in EMU on 2015

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westwind
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Re: Lithuania in EMU on 2015

Postby westwind » Tue Jan 06, 2015 3:21 pm

A0000001A wrote:I would be interested which plates are found in Lithuania, for each denominations.
For example :note-5: V004, V005 ... or :note-10: P001, P002 .... and also :note-20: :note-50: :note-100:

That's I have seen among new notes:
5 - V001, V004, V005
10 - E007, P003
20 - E009, P017, P018, R001, R002
50 - R036
100 - R003

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Re: Lithuania in EMU on 2015

Postby RKPLt » Tue Jan 06, 2015 5:34 pm

Plus :note-5: V006, S001, S002 and :note-10: E008.
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Re: Lithuania in EMU on 2015

Postby A0000001A » Wed Jan 14, 2015 2:26 pm

Thank you very much for the information.

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Re: Lithuania in EMU on 2015

Postby Craft » Fri Jan 16, 2015 10:09 pm

Two weeks and a couple of days since the changeover - how has it been now in Lithuania, what are your feelings so far and how has the reception been in general?

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Re: Lithuania in EMU on 2015

Postby Liootas » Sat Jan 17, 2015 10:06 am

Craft wrote:Two weeks and a couple of days since the changeover - how has it been now in Lithuania, what are your feelings so far and how has the reception been in general?


Well yesterday was the first day the euro became the only legal tender in Lithuania (the dual period of litas and euro ended) but everything is just fine I would say. The shop assistants got used to the new currency quickly but it may take more time for ordinary people to accustom to the euro. :D

However, the media is often writing about many counterfeit euro notes in Lithuania but they're exaggerating a bit. There weren't more accidents with counterfeit euros than with litas last year, for example. Besides, recently on the Net, TV and radio they've been talking a lot how to check if the note is counterfeit and so on... I suppose people are well informed and there shouldn't be any panic. :roll:

Personally, it's hard to get used to the euro for me. If someone asks me, how smth cost, I automatically say, for example, 1 litas. And only after a few seconds I realise that it's not litas in Lithuania :mrgreen: Well, we just need some time, I guess. It may take a few months or even half a year, we'll see... :wink:
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Re: Lithuania in EMU on 2015

Postby ART » Sun Jan 18, 2015 6:35 am

Liootas wrote:Well yesterday was the first day the euro became the only legal tender in Lithuania (the dual period of litas and euro ended)


This is the time when you need to pay more attention, because the shopkeepers could groped speculation by raising prices. In many states has happened and more dishonest politicians have sought to blame the Euro.
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Re: Lithuania in EMU on 2015

Postby lmviterbo » Mon Jan 19, 2015 12:04 am

Liootas wrote:
Craft wrote:Two weeks and a couple of days since the changeover - how has it been now in Lithuania, what are your feelings so far and how has the reception been in general?

If someone asks me, how smth cost, I automatically say, for example, 1 litas. And only after a few seconds I realise that it's not litas in Lithuania :mrgreen: Well, we just need some time, I guess. It may take a few months or even half a year, we'll see... :wink:

That happened to everyone who was used to any of the old currencies in Europe. In Portugal we had a very easy conversion rate, very close to 1 EUR = 200 PTE (in fact 1 euro was 200.482 escudos), so knowing the value of euros was somehow easier here than in places where the conversion rates were stranger numbers, like 1 / 6.55957 for the French Franc. On the other hand, due to the easier rate in Portugal, people with some arithmetical skills were used to calculate the conversion on the spot, it was harder for us to really "think in euros".

Another side effect in Portugal was that many things doubled their prices, In fact the range of Euro coins and banknotes in normal circulation (excluding thus the :note-200: and :note-500: notes) started and ended with double the value of Portuguese Escudo coins.
EUR coin/note| Real value in PTE| Perceived value| "Similar" PTE coin/note
0.01| 2| 1| 1
0.02| 4| 2| —
0.05| 10| 5| 5
0.10| 20| 10| 10
0.20| 40| 20| 20
0.50| 100| 50| 50
1| 200| 100| 100
2| 400| 200| 200
:note-5:| 1000| 500| 500
:note-10:| 2000| 1000| 1000
:note-20:| 4000| 2000| 2000
:note-50:| 10,000| 5000| 5000
:note-100:| 20,000| 10,000| 10,000
:note-200:| 40,000| 20,000| —
:note-500:| 100,000| 50,000| —

This was further helped by the fact that 1 and 2 euro bimetallic coins reminded of 100 and 200 escudos coins, and there wasn't any 400 escudos coin (which would be equivalent to 2 euros). Look at how easy it was to make this mistake:
PTE-EUR_sidebyside.PNG
Similar but NOT equivalent
PTE-EUR_sidebyside.PNG (372.57 KiB) Viewed 1842 times

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Re: Lithuania in EMU on 2015

Postby Montgomery Burns » Mon Jan 19, 2015 5:29 pm

Indeed. I don't think I fell prey to the "1 cent = 1 escudo" trap very often, but thinking in euros took longer than I anticipated, I admit.

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Re: Lithuania in EMU on 2015

Postby Craft » Wed Jan 21, 2015 10:56 pm

Montgomery Burns wrote:Indeed. I don't think I fell prey to the "1 cent = 1 escudo" trap very often, but thinking in euros took longer than I anticipated, I admit.

That's true, it took longer. Like in Portugal, in Finland we got the cash euros in 2002 but it took several years for me to get fully accustomed to them, even though I was used to using also USD before. I don't really know when I ceased to convert EUR to FIM in my head ― in fact I sometimes still do, but rarely.


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