Since Latvia’s switch from lats to euros as its national currency on Jan. 1, 2014, the majority of lats banknotes and less than half of lats coins have been traded in for euros, BNS learned at the Bank of Latvia.
The Latvian central bank stated that 37.9 per cent of lats coins, worth 27.5 million lats (39.1 million euros) and 95 per cent of lats banknotes, worth 934 million lats (1.329 billion euros), have been removed from circulation as of the end of July 2016. A total of 145 million coins and 46.9 million banknotes have been tak...
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