Starting a conversation about the currency of Latvia, mention should be made of the country and its ethnic past, the history and status.
little history
country received its name due to the ethnic name of the people living there - latvieshi.Latvia is located in an area equal to almost 65 thousand square kilometers on the eastern shore of the Baltic Sea.It is divided by 26 counties and has 7 municipalities.It is a country of parliamentary government.At its head - the President, who is elected by Parliament for a term not exceeding three years.In the country home to almost two and a half million inhabitants.
During the existence of the country's varied structure, its history, Latvia itself.The currency is also changing.
Repshik
In Soviet times, when Latvia was part of the Soviet Union, the country the monetary unit was a typical Soviet ruble.After the collapse of the power and becoming an independent state in Latvia there was a temporary currency - the Latvian ruble.
Latvian ruble was nicknamed by the people "repshikom."He printed on plain paper, without any protective symbols.Even the ink on the printing room blurred.Are those moneys in honor of the head of the National Central Bank of Latvia Einars Repse.In those days it was thought that by fake banknotes is protected by Latvia, the currency was signed Repse.Now, it looks ridiculous and funny.Latvian ruble era of 1992-1993 was to forge an elementary typing "repshiki" ordinary printers.However, surprisingly, the Latvian ruble forged infrequently - it is not a means of international payments.
Despite these facts, in those days the Latvian national currency was stable, in contrast to the Russian and Belarusian rubles.In Latvia, there was no strong inflation.At the time, the former Soviet rubles unloaded into trucks and taken to an unknown destination, creating thus new oligarchs in Russia.
Lat
Century "repshika" was short-lived.In 1993, the local currency changed armor.They exchanged at the rate of 1 LVL = 200 Latvian rubles.The exchange took place smoothly, without crises in the period from March 5 to June 28, 1993.
Latvian currency represented the notes and coins of different ratings.These were coins of different value from 1 to 2 centimes armor.Paper notes were a national currency in nominal value of 5 to 500 lats.Each armor consisted of 100 centimes.Ten years of stability is required lat Latvia, the currency managed to survive this difficult situation.During this ten-year period in the country were released into circulation commemorative commemorative coins made of precious and non-precious metal alloys.These were coins made of silver, nickel silver, gold and silver with a mixture of niobium.During the decade of "walking" in the country was LVL 99 minted coins, which are now unique.
In 2004, Latvia received in NATO at the same time, she became a full member of the European Union.
Since 2005, the rate of the lats fully pegged to the euro, which is a long period remained unchanged.It lasted until until they earned a European mechanism to support the exchange rate.As a result, the actual deviation of the national currency of the set was only 1%.
Euro
What is the currency in Latvia now?Since mid-January 2014 Latvia fully switched to cash payments in euros.The transition was virtually painless and took place from the end of 2013 to 14 January 2014.And from January 1, in retail outlets and other places of settlement payment was made in two parallel currencies: lats and euro.
Now "during the reign of" lats behind.Across the country, it has long been used in the calculation of the euro - a common currency in the European Community.During the first half of 2015 Latvia is the Chairman of the Council of the European Union.In honor of this event it was released in light of coins dedicated to Latvia.What currently can be proud of Latvia - currency, which is the euro, unwavering and solvent in any corner of the planet Earth.
