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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]
There are 27 currencies currently used in the 50 countries of Europe. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ...
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
The second Latvian ruble was withdrawn from circulation on 18 October 1993, [3] but could be exchanged for lats until 1 July 1994, when it lost validity. [4] and the historic national currency - the lats - was reintroduced in 1993, replacing the Latvian ruble at the ratio of 1 lats (LVL) = 200 rubles (LVR). [2]
Latvia replaced its previous currency, the lats, with the euro on 1 January 2014, [1] after a European Union (EU) assessment in June 2013 asserted that the country had met all convergence criteria necessary for euro adoption. The adoption process began 1 May 2004, when Latvia joined the European Union, entering the EU's Economic and Monetary Union.
Template to convert other currencies into United States dollars, by year, based on information from the International Monetary Fund Template parameters [Edit template data] Parameter Description Type Status Amount 1 value in foreign currency to convert to USD Example 22816 Number required Country code 2 country ISO 3166-1 alpha-3 country code Example MEX Line required year year Year to convert ...
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).
European Currency Unit and 23 national currencies which were replaced by the euro: Austrian schilling; Belgian franc; Croatian kuna; Cypriot pound; Dutch guilder; Estonian kroon; Finnish markka; French franc; German mark; Greek drachma; Irish pound; Italian lira; Latvian lats; Lithuanian litas; Luxembourgish franc; Maltese lira; Monégasque ...