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Encyclopedia > Latvian lats
The 5 lats coin, used before WWII, becamed a popular symbol of independence during the Soviet era
The 5 lats coin, used before WWII, becamed a popular symbol of independence during the Soviet era

The lats (in Latvian: lats, plural lati, the ISO 4217 currency code: LVL) is the official currency of Latvia. It is abbreviated as Ls. Each lats is worth of 100 santims (in Latvian: santīms, plural santīmi; from French centime). Image File history File links 5lats_used_until_WWII.png Summary More about this coin Licensing This image depicts a unit of currency of a government. ... Image File history File links 5lats_used_until_WWII.png Summary More about this coin Licensing This image depicts a unit of currency of a government. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... Centime is French for cent, and is used in English as the name of the fraction currency in several Francophone countries (including Switzerland and formerly France), where it is one hundredth of a franc. ...


The lats was first introduced in 1922, replacing the Latvian ruble at a rate of 50 rubles = 1 lats. In 1940, Latvia was incorporated into the USSR and the lats was replaced by the Soviet ruble at par. 1922 (MCMXXII) was a common year starting on Sunday (see link for calendar). ... After the proclamation of the Republic of Latvia in 1918, a large variety of different currencies were in circulation - ostrubles and ostmarks, German reichsmarks, the so-called Tsar rubles and kopecks, the so-called Money of Duma and kerenkas, as well as promissory notes of several town municipalities. ... 1940 (MCMXL) was a leap year starting on Monday (the link is to a full 1940 calendar). ... 1998 Russian Federation one rouble coin. ...


The lats was reintroducted in 1993 after Latvia regained its independence, replacing the Latvian ruble at a rate of 1 lat = 200 rubles. 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ...


Coins are issued in denominations of 1, 2, 5, 10, 20, and 50 santims, as well as 1 and 2 lats. Notes are issued in denominations of 5, 10, 20, 50, 100, and 500 lats. Also, there are Commemorative Coins in denominations of 2, 10, 20, 100 lats made from gold and silver.


The euro (eiro in Latvian) is expected to replace the lats in 2008. The currency entered the Exchange Rate Mechanism II on May 2, 2005, and must be maintained in a 15% band around the pivot value of 0.702804 LVL per Euro. Before that, it was pegged to the SDR currency basket. The euro (plural euro--but note linguistic issues concerning the euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands... 2008 (MMVIII) will be a leap year starting on Tuesday of the Gregorian calendar. ... The European exchange rate mechanisms (or ERM) was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange-rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single... May 2 is the 122nd day of the year in the Gregorian calendar (123rd in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Special Drawing Rights is neither a currency, nor a claim on the International Monetary Fund. ...


Banknotes A £20 Ulster Bank banknote. ...

  • 5 lats: oak-tree
  • 10 lats: River Daugava and oak-leaf
  • 50 lats: sailing-ship and oak-leaf
  • 100 lats: Krišjānis Barons and oak-leaf
  • 500 lats: Latvian folk-maid and oak-leaf

The Daugava or Western Dvina (Russian: За́падная Двина́, Belarusan: Дзьвіна́, Latvian: Daugava, German: Düna, Polish Dźwina) is a river rising in the Valdai Hills flowing through Russia and Belarus, to drain into the Gulf of Riga, an arm of the Baltic Sea at Riga, Latvia. ... Species See List of Quercus species The term oak can be used as part of the common name of any of several hundred species of trees and shrubs in the genus Quercus, and some related genera, notably Cyclobalanopsis and Lithocarpus. ... KriÅ¡jānis Barons (b. ...

Exchange rate

  • 1 lats = 100 santims
  • 1 LVL is equal to (as of 3 June 2005):
EUR 1.42287 (the fixed exchange rate since 30 December 2004)
USD 1.75043
GBP 0.961696
RUB 49.6662
SEK 13.0075
LTL 4.91289
EEK 22.2632

other updated currency rates: [1] June 3 is the 154th day of the year in the Gregorian calendar (155th in leap years), with 211 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The euro (plural euro--but note linguistic issues concerning the euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands... December 30 is the 364th day of the year (365th in leap years) in the Gregorian Calendar, with 1 day remaining. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... This article is about general United States currency. ... GBP redirects here. ... The ruble or rouble (Russian: , plural ; see note on spelling below) is the name of the currencies of the Russian Federation and Belarus (and formerly, of the Soviet Union and the Russian Empire). ... The krona (currency code SEK) has been the currency of Sweden since 1873. ... The Litas (LTL or Lt, Lithuanian plural form Litai) is the official currency of Lithuania. ... The Kroon is the official currency of Estonia. ...


External links

  • Latvian Money


Pre-euro and other EU currencies EU Flag
Eurozone Austrian schilling | Belgian franc | Dutch gulden | Finnish mark | French franc | German mark | Greek drachma | Irish pound | Italian lira | Luxembourgian franc | Portuguese escudo | San Marinese lira | Spanish peseta | Vatican lira
ERM Cypriot pound | Danish krone | Estonian kroon | Latvian lats | Lithuanian litas | Maltese lira | Slovak koruna | Slovenian tolar
Other EU British pound | Czech koruna | Gibraltar pound | Hungarian forint | Polish złoty | Swedish krona


The euro (plural euro--but note linguistic issues concerning the euro, symbol: €; banking code: EUR) is the official currency of the European Union and single currency for over 300 million Europeans in the following twelve European Union member states: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands... Image File history File links European_flag. ... The Eurozone (also called Euro Area, Eurosystem or Euroland) is the subset of European Union member states which have adopted the euro, creating a currency union. ... The Schilling was the currency of Austria until 1999, when the Euro was introduced at a fixed parity of €1 = 13. ... The Belgian franc (Dutch Belgische frank, French franc belge) was the currency of Belgium, before the adoption of the euro. ... The gulden (sometimes called guilder in English), represented by the symbol ƒ or fl. ... The markka (or Finnish mark) was the currency used in Finland from 1860 until January 1, 1999 (in practice on January 1, 2002), when it was replaced by the euro (€). The currency code used for the markka was FIM, and the usual familiar notation was a postfix mk. ... French Franc. ... The Deutsche Mark (DEM, DM) or German mark was the official currency of West and, from 1990 onwards, unified Germany. ... Drachma, pl. ... The harp has long been associated with the Irish pound, here on a 1990 Irish pound coin. ... The lira (plural lire) was the currency of Italy between 1861 and 2002. ... The franc was the currency of Luxembourg from 1854 until 2002. ... The escudo was the official currency of Portugal prior to the introduction of the euro in 1 January 1999 (euro coins and notes were not introduced until 2002). ... The San Marinese lira (plural lire) was the official unit of San Marino. ... The peseta is the former currency of Spain and, (along with the French Franc), of Andorra. ... The Vatican lira (plural lire) was the official unit of the Vatican City State. ... The European exchange rate mechanisms (or ERM) was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange-rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single... The Cyprus Pound, also known unofficially as the Cyprus Lira (from Greek Λίρα (pl. ... The Danish krone is the currency used in Denmark and the Danish dependency of Greenland. ... The Kroon is the official currency of Estonia. ... The litas (ISO currency code LTL, symbolized as Lt; Lithuanian plural form is litai) is the official currency of Lithuania. ... The Maltese lira, known in the Maltese language as the Lira Maltija, is the currency of Malta. ... This article deals with the currency of modern Slovakia. ... The tolar has been the currency of Slovenia since October 1991. ... GBP redirects here. ... The Koruna (English translation Crown) is the currency used in the Czech Republic and Slovakia. ... ISO 4217 code: GIP Symbol: £ 1/100th unit: penny Introduced in: 1927 Exchange Rates May 2006 USD exchange: 0. ... The forint (currency code HUF) is the currency of Hungary. ... Złoty (literally meaning golden, plural: złote or złotych, depending on the number) is the Polish currency unit. ... The krona (currency code SEK) has been the currency of Sweden since 1873. ...

edit this box
Currencies of Europe
Eurozone Euro
Northern Danish krone | Faroese króna | Icelandic króna | Norwegian krone | Swedish krona
Baltic Estonian kroon | Latvian lats | Lithuanian litas
Western Swiss franc | Pound sterling | Guernsey pound | Manx pound | Jersey pound
Central Czech koruna | Hungarian forint | Polish złoty | Slovak koruna | Slovenian tolar
Eastern Belarusian ruble | Russian ruble | Transnistrian ruble | Ukrainian hryvnia
Southeastern Albanian lek | Bulgarian lev | Bosnia and Herzegovina convertible mark | Croatian kuna | Macedonian denar | Romanian leu | Moldovan leu | Serbian dinar
Mediterranean Cypriot pound | Gibraltar pound | Maltese lira | Turkish new lira
Transcaucasia Armenian dram | Azerbaijani manat | Georgian lari

  Results from FactBites:
 
Latvia Lat and Latvia currency information including currency exchange rates (493 words)
The Latvian Lat (LVL) is the official currency of Latvia.
The Lat was first introduced in 1922 when it replaced the Latvian ruble; however when Latvia became a part of the USSR in 1940, the USSR ruble replaced the Lat.
A reversion to the Lat as the official currency took place in 1993, when Latvia regained its independence.
Latvia and Little Early Latvian History (1203 words)
The first settlers in the territory of Latvia were Livonians, or "Libiesi." Whereas the Latvians originated from the Indo-European family, the Livonians were akin to the Estonians and the Finns and formed a part of the Finno-Ugric complex of nations.
Indeed, a large part of the Latvian intelligentsia was inspired by alumni of the higher educational institutes of St. Petersburg.
The purpose of these "calendar" demonstrations was to publicly commemorate the events of June 13-14, 1941 (the mass deportations of Latvians to the Soviet Union); August 23, 1939 (the signing of the Nazi-Soviet Nonaggression Pact); and November 18, 1918 (the proclamation of Latvian independence).
  More results at FactBites »

 
 

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