DEFINITION of 'LTL'

The currency code for the Lithuanian litas, the currency of the Baltic country of Lithuania. The Lithuanian litas (LTL) is subdivided into 100 centas. The Bank of Lithuania mints coins in denominations of 1, 2, 5, 10, 20 and 50 centas, and 1, 2 and 5 litai. Banknotes are issued in 10, 20, 50, 100, 200 and 500 denominations.

BREAKING DOWN 'LTL'

ISO 4217 currency codes are the global standard for currency recognition. The three-letter codes are established by the International Organization for Standardization (ISO), and are used universally around the world in banking and business.

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