Paying less for lats

Jul 23, 1998
Sandra L. Medearis

RIGA – An American tourist cashing in $20 for lats on July 13 gained about 50 santims, more than the price of a cup of coffee, or a quart of milk or an OK can of beer, on the exchange rate a year ago. On July 13 a U.S. dollar would buy about .6050 lats, compared to .58 lats in July 1997, a difference of 4.3 percent. For bigger spenders, the new 500-lat note, released by the Bank of Latvia on July 20, would have cost $32 more a year ago.The lat to dollar exchange rate broke the .60 mark in late J ...

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