Time Period: 1916-1919

Timeline

09.12.1916
Ordinance [No. 223] of the Warsaw General Command of the German-Austrian army on the creation of an issuing institute for the occupied territories, Credit Bank for the East (Darlehnskasse Ost); effective immediately ] introducing currency (payments in German or Russian currency remain permissible); effective (when Landes-Darlehenskasse begins business) Dec. 13, 1916.
13.12.1916
Start of currency exchange:
- 13.12.1916: Start of banknote issuance by the Darlehnskasse Ost, they are denominated in German Mark (1871) but not exchangeable into German notes and therefore called "Ostmark" (Eastern Mark)
- 26.04.1917: Demonetization of German banknotes at 1 : 1 and Russian banknotes at 1 : 2.16; the latter could not be implemented

26.02.1919
Currency act on the introduction of a (transitional) national currency; effective immediately
26.02.1919
Start of currency exchange:
- 26.02.1919: The banknotes of the Credit Bank for the East (Darlehnskasse Ost) continued (no overprint or other marking), no national paper money denominated in Auksin was produced (only local emergency money)
- ??.04.1919: Demonetization of the circulating Russian paper money at 1 Lithuanian Auksin = 2 "Tsar Rubles" (issued before 1917) = 2.50 "Duma/Kerensky" Rubles" (issued 1917-1918).

09.08.1922
Currency act on the currency reform; effective 01.10.1922
01.10.1922
Start of currency exchange:
- 01.10.1922: Start of issuance of the new banknotes and coins and exchange at an initial rate of 1 : 175 (periodically adjusted)
- 31.12.1922: End of exchange period with a last rate of 1 : 850 and demonetization of the former currency.
1923-1945
Memel switches between Germany and Lithuania:
- 16.04.1923: Start of currency exchange after the Lithuanian annexation at a ratio of 1 Lithuanian Lit = 4'000 German Mark (1871), exchange period ends on ??.04.1923
- 23.03.1939: Start of currency exchange after the German annexation at 1 German Mark (1924) = 2.50 Lithuanian Lit; exchange period ends on 20.05.1939
- 28.01.1945: Occupation of Memel by the Red Army and re-annexation by Soviet Lithuania.
??.10.1939
Lithuanian annexation of Eastern Poland (Vilnius region) and currency exchange at 1 Lithuanian Lit = 5 Polish Zloty
25.11.1940
Start of currency exchange after the Soviet annexation:
- 25.11.1940: Start of issuance of Soviet banknotes and coins at a rate of 1 Lithuanian Lit = 0.9 Soviet Ruble (1924)
- 25.03.1941: End of exchange period and demonetization of the Lithuanian currency.

01.08.1991
Start of issuance of vouchers that could (or had to) be used together with Russian currency when purchasing goods
16.09.1992
Central bank resolution (?) on the extension of the voucher system into a transitional currency to decouple from the Russian Ruble (since the planned currency reform of May 1992 had not been carried out); effective immediately
16.09.1992
Start of currency exchange:
- 16.09.1992: Start of issuance of the new banknotes
- 30.09.1992: End of exchange period and demonetization of the Russian currency.

05.11.1991
Law on monetary sovereignty and the creation of a national currency; effective 25.06.1993 (by resolution of 14.06.1993)
25.06.1993
Start of currency exchange:
- 25.06.1993: Start of issuance of the new banknotes and coins
- 20.07.1993: Demonetization of the transitional currency.

23.07.2014
Decision of the European Council [No. 2014/509/EU] to admit Lithuania to the European Monetary Union; effective 01.01.2015
23.07.2014
Ordinance of the European Council [No. 851/2014], determines the conversion rate; effective 01.01.2015
01.01.2015
Start of currency exchange:
- 01.01.2015: Start of issuance of banknotes and coins denominated in Euro at a rate to the Lithuanian Lit of 1 : 3.4528
- 15.01.2015: Demonetization of the banknotes and coins in Lithuanian Lit.