Latvia’s unit of currency prior to the Soviet annexation in 1940. Reintroduced in March 1993, the lats became the sole legal tender in Latvia in October 1993. In March 1996, the exchange rate was LVL0.55 = US$1.
Glossary
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Glossary
Latvia’s unit of currency prior to the Soviet annexation in 1940. Reintroduced in March 1993, the lats became the sole legal tender in Latvia in October 1993. In March 1996, the exchange rate was LVL0.55 = US$1.