Interim unit of currency introduced in Latvia in May 1992 and circulated in parallel to and valued at par with the Russian ruble, a vestige of Soviet rule, until July 1992. Sole legal tender until March 1993. Replaced by the lats (q.v.).
Glossary
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Glossary
Interim unit of currency introduced in Latvia in May 1992 and circulated in parallel to and valued at par with the Russian ruble, a vestige of Soviet rule, until July 1992. Sole legal tender until March 1993. Replaced by the lats (q.v.).