Lithuania Replaces Ruble With Coupons

Lithuania on Thursday replaced the old Soviet ruble with coupons as a transitional step toward reintroducing its own national currency, the lit, at an unspecified later date.

The coupons were already in circulation alongside the ruble and were equal in value to the ruble. But now stores and other businesses no longer accept rubles, and the coupons’ value will be allowed to float.