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A New Stamp with Provisional Lithuanian Currency

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To commemorate the 20th anniversary of the Lithuanian national currency system re-established in 1992, a new stamp will be released.

The stamp 20th Anniversary of Restoration of Lithuanian Monetary System features Lithuanian currency – the talonas notes. The new stamp will be issued in the edition of 100 thousand copies with a nominal value of LTL 2 (EUR 0.58). The stamp was created by the artist Dorota Gasiunaite.

Along with the stamp, the first day cover and sheet will be released. On Saturday all postal correspondence paid by the new stamp will be cancelled by the first day cancellation in Vilnius Main Post Office.

The talonas notes were used as a provisional payment means during the first year of independence (restored in 1990). The talonas notes were put into circulation on 5 August 1991. Firstly they circulated along with Russian roubles. For payment, one had to give the same amounts in roubles and talonas. On 1 October 1992, the talonas notes were declared to be the only legal payment means in Lithuania. Thus Lithuania left the rouble zone.

The talonas notes issued in 1991 feature animals found in Lithuania: lizard, heron, goshawk, marten, lynx, moose, and aurochs. The talonas notes issued in 1992 were smaller in size and featured other representatives of fauna: lapwing, thrush in the nest, blackcock, otter, deer, and bear. In 1993, the new versions of the talonas were issued: the note with the value of 200 talonas featured the deer, and the one with value of 500 depicted two wolves.

With introduction of the currency litas in 1993 on June 25, the provisional currency was exchanged into litas at the rate 100:1. The circulation of the talonas notes ceased on 20 July 1993.

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