Search results
Results From The WOW.Com Content Network
A draft law outlining the euro switchover process was presented by the government's cabinet on 6 November 2012. It specified that: ATMs would stop distributing Lats from 1 January 2014. Both Lats and Euros would be in circulation for two weeks. Post offices would offer free exchange for a month (this was later extended to three months [40]).
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]
In 2014, Latvia Post partook in the transition from lats to euro that took place in the whole country by providing currency exchange services following the official exchange rate of 1.00 LVL for 1.42 EUR for 3 months in 302 post offices where it was deemed necessary due to local banking service availability issues. [5]
Fluctuations around the fixed coupling rate are possible within +/− 1%. The Bank of Latvia had been implementing the lats attraction policy since February 1994, when the lats was pegged to the SDR basket of currencies. The lats was pegged to the euro on 1 January 2005. [9]
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...
This category contains the currencies that were replaced by the euro and directly preceding the euro. Pages in category "Currencies replaced by the euro" The following 23 pages are in this category, out of 23 total.
The euro area, [8] commonly called the eurozone (EZ), is a currency union of 20 ... lats: 0.702804