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Latvia Joins Euro With Smooth Transition

January 6, 2014 by Staff Reporter

Ilmārs Rimšēvičs, Governor of the Bank of Latvia, Andrus Ansip, Valdis Dombrovskis and Andris Vilks, Latvian Minister for Finance

Latvia has adopted the euro as its official currency and “the changeover is running smoothly and according to plan” according to the European Commission. The previous national currency – the lat – is now being phased out during a transitional two-week dual circulation period when both currencies have legal tender status. By the end of […]

Filed Under: Business, ECB - European Central Bank, European Commission, Finance, Finance & Monetary Policy

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