| Latvijas lats (Latvian) | |
|---|---|
 The standard version of the Ls 1 coin depicted a salmon | |
| ISO 4217 | |
| Code | LVL |
| Unit | |
| Plural | lati (nom. pl.) or latu (gen. pl.) |
| Symbol | ℒ︁𝓈 (first lats) Ls (second lats) |
| Denominations | |
| Subunit | |
| 1⁄100 | santīms |
| Plural | |
| santīms | santīmi (nom. pl.) or santīmu (gen. pl.) |
| Symbol | |
| santīms | s |
| Banknotes | |
| Freq. used | Ls 5, Ls 10, Ls 20, Ls 50, Ls 100 |
| Rarely used | Ls 500 |
| Coins | |
| Freq. used | 1 s, 2 s, 5 s, 10 s, 20 s, 50 s, Ls 1, Ls 2 |
| Demographics | |
| Replaced | Latvian ruble (1 LVL = 200 LVR) |
| Replaced by | Euro (1 EUR = 0.702804 LVL) |
| User(s) | None, previously: Latvia |
| Issuance | |
| Central bank | Bank of Latvia |
| Website | www |
| Valuation | |
| Inflation | -0.4% |
| Source | ECB,[2] April 2013 |
| EU Exchange Rate Mechanism (ERM) | |
| Since | 2 May 2005[1] |
| Fixed rate since | 1 January 2005 |
| Replaced by euro, non cash | 1 January 2014 |
| Replaced by euro, cash | 15 January 2014[3] |
| 1 € = | Ls 0.702804 (Irrevocable) |
| This infobox shows the latest status before this currency was rendered obsolete. | |
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] The lats is abbreviated as Ls[4] and was subdivided into 100 santīmi (singular: santīms; from French centime), abbreviated as an s after the santīm amount.[5]
The Latvian lats has been recognized as one of the 99 entries of the Latvian Culture Canon.[6]
- ^ "ECB: Euro central rates and compulsory intervention rates in ERM II". European Central Bank. 2 May 2005. Retrieved 9 June 2014.
- ^ "ECB: Inflation and the euro". European Central Bank. Retrieved 9 June 2014.
- ^ a b Eglitis, Aaron (9 July 2013). "Latvia Wins Final EU Approval to Adopt Euro on Jan. 1 Next Year". Bloomberg. Retrieved 9 June 2014.
- ^ "2 lats (Ls 2 in short)". Latvijas Banka. Retrieved 5 November 2022.
- ^ "1 santims (1 s in short)". Latvijas Banka. Retrieved 5 November 2022.
- ^ "Latvian National Currency – the Lats". Latvian Culture Canon. Retrieved 6 May 2020.