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For common abbreviations, see latitude and latissimus dorsi muscle.
The lat (Lats in Latvian(plural Lati), currency code LVL) is the official currency of Latvia. It is abbreviated as Ls. Each Latvian lat is composed of 100 santims (Latvian Santimi). Coins are issued in denominations of 1, 2, 5, 10, 20, and 50 santims, as well as 1, 2, and 100 lat. Notes are issued in denominations of 5, 10, 20, 50, 100, and 500 lat.
The Latvian lat was first introduced in 1922, replacing the Latvian ruble. In 1940 Latvia was occupied by the Soviet Union and lats was replaced by USSR ruble, then reintroducted after Latvian independence in 1993. Euro(Eiro in Latvian) will replace lats in year 2008(Estimated)
Exchange rate
- 1 Lat (LVL) = 100 santims
- 1 LVL is equal to (as of 11/23/2004)
EUR 0.6870
USD 0.5270
GBP 0.9780
RUB 0.0185
SEK 0.0766
LTL 0.1990
EEK 0.0439
other currency rates: [1] (http://www.bank.lv)
External link
- Latvian money (http://www.bank.lv/eng/main/lvnaud/latnaud/) Information from the Bank of Latvia
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