Search results
Results From The WOW.Com Content Network
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]
Latvian ( endonym: latviešu valoda, pronounced [ˈlatviɛʃu ˈvaluɔda] ), [3] also known as Lettish, [4] is an East Baltic language belonging to the Indo-European language family. It belongs to the Baltic subbranch of the Balto-Slavic branch of the family and it is spoken in the Baltic region. It is the language of Latvians and the official ...
Latvia (/ ˈ l æ t v i ə / ⓘ LAT-vee-ə, sometimes / ˈ l ɑː t v i ə / LAHT-vee-ə; Latvian: Latvija Latvian pronunciation:), officially the Republic of Latvia, is a country in the Baltic region of Northern Europe. It is one of the three Baltic states, along with Estonia to the north and Lithuania to the south.
For the distinction between [ ], / / and , see IPA § Brackets and transcription delimiters. The modern Latvian orthography is based on Latin script adapted to phonetic principles, following the pronunciation of the language. The standard alphabet consists of 33 letters – 22 unmodified Latin letters and 11 modified by diacritics.
Latvians. Latvians ( Latvian: latvieši) are a Baltic ethnic group and nation native to Latvia and the immediate geographical region, the Baltics. They are occasionally also referred to as Letts, [42] [43] especially in older bibliography. Latvians share a common Latvian language, culture, history and ancestry.
On March 18, 1920, the Latvian ruble became the only legal currency. Due to high inflation, the new Latvian lats was introduced in 1922 at a rate of one lats to 50 rubles. In 1923 the Bank of Latvia was established and the lats replaced the ruble entirely in 1925. Between 1923 and 1930 the state budget ran surpluses.
Latvia and the euro. 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 ...
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 . 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 .