Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Latvia says final goodbye to the lat currency

Jul 01, 2014
From wire reports, RIGA

Latvia says final goodbye to the lat currency

Latvia has said its final goodbye to the lat currency today (July 1) after shopkeepers take down pricings in both euros and lats.

The regulation was originally adopted to give residents gradual adjustment to the euro. Business owners were required to recalculate all prices according to the fixed currency exchange rate of 1 euro per  0.7028 Lats.

Yesterday was the last day when Latvian commercial banks exchanged lats for euros. If anyone still possesses lats in cash, they can be exchanged for euros at the National Bank of Latvia.

Meanwhile, almost two-thirds or 61 percent of economically active Latvian residents, aged between 18 and 55, are used to euro, a survey conducted by TNS in collaboration with the LNT show "900 sekundes" reports.

A total of 20 percent of respondents said that they are definitely used to euro whilst 41 percent are 'rather' used to it. 37 percent of respondents said that they are not used to the euro currency, but 2 percent could not provide a specific answer.

The survey reveals that almost half or 52 percent of economically active Latvian residents would not like to see lat price tags in stores. 43 percent of respondents said they would like to see both lat and euro price tags for the goods they purchase in stores. 5 percent of respondents could not provide a specific answer. The survey was conducted from June 17-19, surveying 700 respondents online.

 MORE NEWS
  • Baltic states join fight again...
    The Baltic states have joined a U.S. led coalition in the fight against extremist ...
  • Estonia accuses Russia of medd...
    Estonia says Russia has pressured captured Estonian intelligence official Eston Ko...
  • Revealed: Stunning World War T...
    The British National Archives have revealed the identity of stunning Second World ...
  • Russian pop singer to turn to ...
    Russian pop singer Joseph Kobzon will turn to European courts after being black...
  • Moscow laying the groundwork f...
    The Russian government is laying the groundwork for a Ukrainian scenario in the...
  • U.S. firm buys Estonian start ...
    An Estonian start up has been bought by the world's largest manufacturers o...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.