Smart money takes off to farm, mattresses

  • 1998-09-03
  • Sandra L. Medearis
RIGA - Speaking in an historic building where young guards pace old marble floors in slices of light coming through modern, vertical window blinds, Einars Repse, president of Latvia's central bank, said Aug. 28 that commercial banks are safe and the currency is sound.Older people queued up on Smilsu Street in Riga's financial district to get their money from Riga Commerce Bank said they had heard it before. Their parents told them about trusting banks when they were kids around a kitchen table uncluttered by food. More recently, they learned first hand when Baltija Bank went belly up, takin...
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