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Lietuvos bankui pakeitus lito ir bazinės valiutos - Euro - oficialų kursą

English translation: if the Bank of Lithuania changes the exchange rate between the litas and the base currency, the euro


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Lithuanian term or phrase:Lietuvos bankui pakeitus lito ir bazinės valiutos - Euro - oficialų kursą
English translation:if the Bank of Lithuania changes the exchange rate between the litas and the base currency, the euro
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03:07 Apr 15, 2010
    The asker opted for community grading. The question was closed on 2010-04-18 07:54:08 based on peer agreement (or, if there were too few peer comments, asker preference.)


Lithuanian to English translations [Non-PRO]
Bus/Financial - Law: Contract(s) / Lease contract
Lithuanian term or phrase: Lietuvos bankui pakeitus lito ir bazinės valiutos - Euro - oficialų kursą
I would like to be certain what currency shall be used for the payment. Lithuanian Litas need to have its equivalent Euro or the other way around?
lapaz
Local time: 21:53
if the Bank of Lithuania changes the exchange rate between the litas and the base currency, the euro
Explanation:
This is a simple translation if you know Lithuanian and very common. The curency is the litas, which is pegged to the euro. But if the litas were to be devalued, this exchange rate would change, but the litas would still be the currency used in Lithuania. The contract should have a separate clause specifying the currency applicable to payments.
Selected response from:

Arturas Bakanauskas
Local time: 16:53
Grading comment
Thank you for the explanation. I appreciate it.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1if the Bank of Lithuania changes the exchange rate between the litas and the base currency, the euroArturas Bakanauskas


  

Answers


20 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
Lietuvos bankui pakeitus lito ir bazines valiutos - Euro - oficialu kursa
if the Bank of Lithuania changes the exchange rate between the litas and the base currency, the euro


Explanation:
This is a simple translation if you know Lithuanian and very common. The curency is the litas, which is pegged to the euro. But if the litas were to be devalued, this exchange rate would change, but the litas would still be the currency used in Lithuania. The contract should have a separate clause specifying the currency applicable to payments.

Arturas Bakanauskas
Local time: 16:53
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 36
Grading comment
Thank you for the explanation. I appreciate it.

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Changes made by editors
Apr 15, 2010 - Changes made by Kristina Radziulyte:
Term askedLietuvos bankui pakeitus lito ir bazines valiutos - Euro - oficialu kursa => Lietuvos bankui pakeitus lito ir bazinės valiutos - Euro - oficialų kursą
FieldOther => Bus/Financial


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