Euro pricing starts in stores

  • 2013-10-02
  • From wire reports

RIGA - Oct. 1 is the first day when stores in Latvia must display prices in both lats and euros ahead of Latvia’s pending accession to the eurozone on Jan. 1 next year. Also, cash registers in stores must print receipts showing prices in both lats and euros as of today.

All prices in the euro currency must be calculated using the official lat-euro exchange rate of 1 euro per 0.702804 lat.
The Consumer Rights Protection Center and Financial and Capital Market Commission will monitor price tags at stores and bank fees until Jan. 1, 2014 to ensure that the prices in euros be calculated correctly.