In late autumn 1991, the first shipments of litas banknotes and coins arrived in Lithuania. The currency of Lithuania, the Lithuanian litas, was introduced. The Lithuanian litas was artificially undervalued and withdrawn by spring 1941. Litas and euro were both legal tender in Lithuania until 16 January 2015. The monument was depicted on 50 litas banknote. A national currency, called the Lithuanian litas, was introduced in 1922. In November 1991, the Currency Issue Law was passed and the Litas Committee was created. Gediminas is depicted on a silver Litas commemorative coin, issued in 1996. It is estimated that their notes totaled 140,000 litas. It had 4 billion litas in debt. It received the first prize of 275,000 litas. Even the introduction of the litas was followed by a scandal. He and his friend were fined with 3,000 Litas. The self-imposed deadlines to introduce the litas were continuously postponed without clear explanations. The litas became part of the ERM II on 28 June 2004.