Analytics, Financial Services, Latvia
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 19:32
96% of Latvian lats banknotes, 39% of coins exchanged for euros by end November
The Latvian central bank reported that 39% of lats coins,
worth LVL 28.3 mln (EUR 40.3 mln) and 96% of lats banknotes, worth LVL 938.4 mln
(EUR 1.335 bn), has been taken out of circulation by the end of November 2018.
Altogether 147 mln coins and 47.1 mln banknotes have been taken out of
circulation.
At the end of November, 341.9 mln lats coins weighing 785
tons still had not been exchanged for euros. Most of the lats coins not yet
exchanged are of the smallest denominations – one-santims coins and two-santims
coins, altogether 240.1 mln coins. The number of the remaining one-lats coins
is 24.2 mln, including special design coins.
Most of the lats banknotes that had not yet been exchanged
are five-lats banknotes (1.7 mln banknotes) and 20-lats banknotes (826,000
banknotes).
Latvia joined the euro area on January 1, 2014, becoming its
18th member.