- Latvian lats
currency_name_in_local = Latvijas lats lv icon
image_1 = 1Lats salmon.png
image_title_1 = The standard version of 1 lats coin bears a salmon
iso_code = LVL
using_countries = LVA
inflation_rate = 10.1%
inflation_source_date = " [https://www.cia.gov/library/publications/the-world-factbook/fields/2092.html The World Factbook] ", 2007 est.
2 May 2005
1 January 2005
1 January 2012tentative
ERM_fixed_rate = Ls 0.702804
ERM_band = pegged in practice, 15% "de jure"
subunit_ratio_1 = 1/100
subunit_name_1 = santīms
symbol = Ls (before numerals)
symbol_subunit_1 = s (after numerals)
plural = "lati" (nom. pl.) or "latu" (gen. pl.)
plural_subunit_1 = "santīmi" (nom. pl.) or "santīmu" (gen. pl.)
used_coins = 1, 2, 5, 10, 20, 50 santīmu, 1, 2 lati
used_banknotes = 5, 10, 20, 50, 100, 500 latu
Bank of Latvia
issuing_authority_website = www.bank.lv
:"For common abbreviations, see
LAT (disambiguation)"The lats (plural: "lati", ISO 4217currency code: LVL or 428) is the currencyof Latvia. It is abbreviated as "Ls". The lats is sub-divided into 100 "santīmi" (singular: "santīms" , plural also "santīmi"; from French " centime").
First lats, 1922-1940
The lats was first introduced in 1922, replacing the
Latvian rublisat a rate of 1 lats = 50 rubļi. In 1940, Latvia was incorporated into the USSR and the lats was replaced by the Soviet rubleat par.
Coins were issued in denominations of 1, 2, 5, 10, 20 and 50 santīmu, 1, 2 and 5 lati. Denominations of 1 lats and above were in silver.
The Latvian Bank issued notes from 1922 in denominations of 20, 25, 50, 100 and 500 latu. They also issued 10 latu notes which were 500 rubli notes overprinted with the new denomination. The government issued currency notes from 1925 in denominations of 10 and 20 latu.
econd lats, 1993-
The lats was reintroducted in 1993, replacing the
Latvian rublis, which was used for short period after Latvia regained its independence, at a rate of 1 lats = 200 rubļu.
Coins are issued in denominations of 1 santīms, 2 santīmi, 5 santīmi, 10 santīmu, 20 santīmu, and 50 santīmu, as well as 1 lats and 2 lati. Also, there are commemorative coins in denominations of 2, 10, 20, 100 latu made from gold and silver.
euro( _lv. eiro) is expected to replace the lats in 2012 at the earliest. [cite news | title= Don’t look for the Euro until after 2012 | url= http://www.neurope.eu/view_news.php?id=76779 | publisher= New Europe | date= 2007-08-18| accessdate=2007-12-27] The currency entered the Exchange Rate Mechanism II on May 2, 2005, and must be maintained in a 15% band around the pivot value of 0.702804 LVL per euro. In practice, the lats has been floated within 1% of the central rate since 1 January 2005. [cite web | author= European Central Bank| url= http://www.ecb.eu/stats/exchange/eurofxref/html/eurofxref-graph-lvl.en.html | title= Euro exchange rates LVL | accessdate=2007-12-27] Before that, it was pegged to the SDR currency basket.
Other updated currency rates: [http://www.bank.lv/eng/main/finfo/notvalkur/] . The lats is the fourth
highest valued currency unitafter the Kuwaiti dinar, Bahraini dinar, and the Omani rial. Additionally, the 500 latu note is the highest valued banknote in regular circulation in the world, ahead of the 1000 Swiss francsnote.
Latvian euro coins
Economy of Latvia
Standard numismatics external links
world_coin_gallery_1_url = Latvia
world_coin_gallery_1_name = Latvia
banknote_world_1_url = latvia
banknote_world_1_name = Latvia
gfd_1_url = Latvia
gfd_1_name = Latvia
gfd_data_1_url = 4547
gfd_data_1_name = Latvia Lat (sic)
show_gfd_excel = Y
* [http://www.bank.lv/eng/main/all/lvnaud/latnaud/latvmoney/ Latvian Money]
* [http://coins.russian.ru/indexe.htm Coins of former Soviet republics]
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Look at other dictionaries:
Latvian euro coins — feature three separate designs.cite web |url=http://www.bank.lv/eng/main/all/sapinfo/coin genesis/ | title=The Origins of Euro Coins: Latvia | publisher=National Bank of Latvia | accessdate=2008 07 12] The design of the national side was made… … Wikipedia
Lats letón — Latvijas lats en Idioma letón Moneda de 1 lats Código … Wikipedia Español
lats — noun the basic unit of money in Latvia • Hypernyms: ↑Latvian monetary unit * * * plural of lat * * * /lats/, n.pl. Informal. latissimus dorsi muscles. [by shortening] * * * lats «lahts», noun, 1. the unit of money of Latvia … Useful english dictionary
lats — lats1 [lats] pl.n. Slang latissimus dorsi muscles lats2 [läts] n. pl. lats [Latvian] the basic monetary unit of Latvia: see the table of monetary units in the Reference Supplement … English World dictionary
Latvian rublis — Infobox Currency currency name in local = Latvijas rublis lv icon image 1 = Latvian rubel.jpg image title 1 = Latvian rublis issued 1992. iso code = LVR using countries = LVA inflation rate = inflation source date = subunit ratio 1 = subunit name … Wikipedia
lats — noun (plural lati or latu) Etymology: Latvian (nominative plural lati, genitive plural latu), from Latvija Latvia Date: 1923 see money table … New Collegiate Dictionary
lats — n. former unit of Latvian currency … English contemporary dictionary
Latvian monetary unit — noun monetary unit in Latvia • Hypernyms: ↑monetary unit • Hyponyms: ↑lats, ↑santims … Useful english dictionary
National Bank of Latvia — (Latvian: Latvijas Banka) … Wikipedia
Currencies of the European Union — Map of currencies used within the EU and dates of euro adoption States which used the euro from 1999 (currency entered circulation 2002) … Wikipedia