Currencies and countries
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Latvia
- Explanation: Official name: Republic of Latvia. (Part of the former Soviet Union) Monetary unit: 1 ruble = 100 kopecks. Latvian ruble (LR) introduced May 7, 1992, at par with Soviet ruble and circulated parallel with it; on July 20, 1993, the Latvian ruble became sole legal tender, floating against all currencies. The Latvian ruble served as temporary sole legal tender until the introduction of the lats on March 5, 1993. The lats (pre-World War II Latvian currency), reintroduced in parallel with the Latvian ruble (LR; at 200 LR per lats) became sole Official currency on October 18, 1993. Monetary unit: 1 lats (plural lati) = 100 santimi. The Euro was launched on January 1, 1999 and became the sole legal tender on January 1, 2014. The fixed rate of exchange is 1,422871 Latvian Lats to 1 Euro. Current Monetary unit: 1 Euro = 100 cents
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