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Lats transition period now over
- From wire reports
RIGA - Latvia’s transition to the euro ran “incredibly smoothly and rapidly,” President of the Bank of Latvia Ilmars Rimsevics said in an interview on the Latvian Television morning news show Rita Panorama, reports LETA. “I was surprised how smoothly and rapidly it happened,” Rimsevics said, explaining that before the introduction of the euro, other European countries’ experience in the transition process was carefully analyzed and the potential risks were taken into consideration, thus allowing Latvia to successfully avoid any problems upon transition...
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