Lithuanian litas

The Lithuanian litas (ISO currency code LTL, symbolized as Lt; plural litai (nominative) or litų (genitive)) was the currency of Lithuania, until 1 January 2015, when it was replaced by the euro. It was divided into 100 centų (genitive case; singular centas, nominative plural centai). The litas was first introduced on 2 October 1922 after World War I, when Lithuania declared independence and was reintroduced on 25 June 1993, following a period of currency exchange from the ruble to the litas with the temporary talonas then in place. The name was modeled after the name of the country (similar to Latvia and its lats). From 1994 to 2002, the litas was pegged to the U.S. dollar at the rate of 4 to 1. The litas was pegged to the euro at the rate of 3.4528 to 1 since 2002. The euro was expected to replace the litas by January 1, 2007, but persistent high inflation and the economic crisis delayed the switch. On 1 January 2015 the litas was switched to the euro at the rate of 3.4528 to 1.

LTL (disambiguation)

LTL was the ISO 4217 currency code for the Lithuanian litas, former currency of Lithuania.

LTL can also refer to:

LTL-2600

The Lampson LTL-2600 or Transilift 2600 is a super-heavy mobile crane. With an ultimate capacity of over 2,600 short tons-force (2,400,000 kg_f), it is among the largest land-based mobile crawler cranes in existence in terms of capacity. It has a maximum boom length of 460 feet (140 m) and maximum jib length of 240 feet (73 m).

History

Design of the crane began in 1994, making it a relatively old design. Four examples of the crane are in existence: two built in 1995 that operate in Australia, one built in 2003 that operates in the United States, and one built in 2008 that operates in China. The older three cranes are operated by Lampson, with the Chinese example the only one to be sold to and operated by an outside company.

Design

As a crawler crane, the entire machine can carry a load short distances at a job site, increasing its flexibility. The crane consists of two crawler modules, a boom/jig assembly, and a large counterweight composed of containers of local materials (typically earth or gravel). The crane assembly is designed to be mobile, with pinned rather than welded modular construction so it can be broken down and transported by a fleet of trucks. Each unit costs approximately $28 million.