Lithuania Clarifies Cash Rounding Rules

Lithuania's new cash payment rules clarify that only the total amount paid in cash is rounded, while 1 and 2 euro cent coins remain legal tender and must still be accepted by merchants. These coins can be used for change or exchanged at the Bank of Lithuania, which offers free services for individuals and businesses to reduce their circulation.

Cash payments in Lithuania are rounded to the nearest 0,5 or 10 euro cents, per the new settlement procedure. While most have adapted, some misunderstandings persist. The Bank of Lithuania clarifies rounding rules for consumers and merchants.

Cash payments for the final shopping cart amount are not rounded; the exact amount on the receipt is paid. 1 and 2 euro cent coins remain legal tender for payments and returns. Merchants must accept them and may use them for change if larger cent coins are unavailable. The Bank recommends using or exchanging these coins at its Vilnius and Kaunas cash desks, where they remain valid and will naturally decrease in circulation.

Businesses can deposit 1 and 2 euro cent coins via collection companies, credit institutions, or exchange them free at Bank of Lithuania cash desks. A fee may apply at credit institution branches. The Bank accepts unlimited coins once daily, exchanging up to one liter for banknotes immediately or transferring larger amounts to accounts within 15 business days.