Latvian lats

Latvian lats
Latvijas lats (Latvian)
The standard version of the Ls 1 coin depicted a salmon
ISO 4217
CodeLVL
Unit
Plurallati (nom. pl.) or latu (gen. pl.)
Symbolℒ︁𝓈‎ (first lats) Ls (second lats)
Denominations
Subunit
1100santīms
Plural
 santīmssantīmi (nom. pl.) or santīmu (gen. pl.)
Symbol
 santīmss
Banknotes
 Freq. usedLs 5, Ls 10, Ls 20, Ls 50, Ls 100
 Rarely usedLs 500
Coins
 Freq. used1 s, 2 s, 5 s, 10 s, 20 s, 50 s, Ls 1, Ls 2
Demographics
ReplacedLatvian ruble (1 LVL = 200 LVR)
Replaced byEuro (1 EUR = 0.702804 LVL)
User(s)None, previously:
 Latvia
Issuance
Central bankBank of Latvia
 Websitewww.bank.lv
Valuation
Inflation-0.4%
 SourceECB,[2] April 2013
EU Exchange Rate Mechanism (ERM)
Since2 May 2005[1]
Fixed rate since1 January 2005
Replaced by euro, non cash1 January 2014
Replaced by euro, cash15 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]

  1. ^ "ECB: Euro central rates and compulsory intervention rates in ERM II". European Central Bank. 2 May 2005. Retrieved 9 June 2014.
  2. ^ "ECB: Inflation and the euro". European Central Bank. Retrieved 9 June 2014.
  3. ^ 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.
  4. ^ "2 lats (Ls 2 in short)". Latvijas Banka. Retrieved 5 November 2022.
  5. ^ "1 santims (1 s in short)". Latvijas Banka. Retrieved 5 November 2022.
  6. ^ "Latvian National Currency – the Lats". Latvian Culture Canon. Retrieved 6 May 2020.