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The Latvian lats (plural: lati, plural genitive: latu, second Latvian lats ISO 4217 currency code: LVL) was the currency of Latvia from 1922 until 1940 and from 1993 until it was replaced by the euro on 1 January 2014. A two-week transition period during which the lats was in circulation alongside the euro ended on 14 January 2014. [3]
A tender for minting the Latvian euro coins began on 20 September 2012. [46] [51] On 10 December 2012, it was announced that Latvia will utilise the Baden-Württemberg Mint. [45] [52] The coins were minted in Stuttgart except the 1 cent, 10 cent and 1 euro coins, which were minted in Karlsruhe. The production of Latvian euros began in July 2013 ...
In geodesy, geographic coordinate conversion is defined as translation among different coordinate formats or map projections all referenced to the same geodetic datum. [1] A geographic coordinate transformation is a translation among different geodetic datums. Both geographic coordinate conversion and transformation will be considered in this ...
The 5 lats coin was a Latvian lat coin minted in 1929, 1931 and 1932. It became a popular symbol of independence during the Soviet occupation of Latvia.It was reproduced in several modern commemorative coins of Latvia and is used on the national sides of the Latvian 1 and 2 euro coins.
The Bank of Latvia (Latvian: Latvijas Banka, [3]) is the Latvian member of the Eurosystem and has been the monetary authority for Latvia from 1922 to 2013, albeit with a long suspension between 1940 and 1992. [4] It issued the Latvian lats (1922-1940), then a Latvian ruble (1992-1993) and second lats (1993-2013).
The economy of Latvia is an open economy in Europe and is part of the European Single Market. Latvia is a member of the World Trade Organization (WTO) since 1999, [ 33 ] a member of the European Union since 2004, a member of the Eurozone since 2014 and a member of the OECD since 2016. [ 34 ]
It uses the WGS 1984 Datum and is based on lines of longitude (LONG) and latitude (LAT). It is intended to provide an integrated common frame of reference for joint force situational awareness to facilitate air-to-ground coordination, deconfliction, integration, and synchronization.
In 1922 Latvian lat and in 1924 Polish złoty adopted LMU standard. [21] The political turbulence of the early twentieth century which culminated in the First World War brought the Latin Monetary Union to its final end in practice, even though it continued de jure until 1927, when it came to a formal end. [citation needed]