Gold marks stability

  • 1998-11-19
  • Sandra L. Medearis
RIGA – All that glitters is gold – almost – in Latvia's new 100 lat coin commemorating the country's 80th year of statehood. Central bank governor Einars Repse introduced the 0.99 percent gold coin on Nov. 12. Repse compared the stability of the coin's value to that of the lat, which is pegged to the SDR basket of European currencies. "Five years ago, this much gold would equal 145 lats. The price of gold has dropped. The value of the lat is more stable than the value of gold, which has been going up and down," Repse told reporters.The price of the amount of gold in the new coin has fluctua...
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