Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

2.8 C
Rīga
Wednesday, January 22, 2025
No menu items!

EUR 871,000 worth of Latvian lats banknotes and coins exchanged for euros in 2023

Last year LVL 611,900 (EUR 871,000) Latvian banknotes and coins were exchanged for euros at the Bank of Latvia, LETA was told at the central bank.

The money exchanged in 2023 included lats banknotes worth LVL 556,600 (EUR 792,000) and lats coins worth LVL 55,300 (EUR 78,700).

In 2023, over 2,500 lats exchange transactions were carried out at the Bank of Latvia’s cash desks.

As at the end of 2023, 40 percent of lats coins (worth EUR 41.3 million) and 96 percent of lats banknotes (EUR 1.341 billion) had been taken out of circulation.

At the end of 2023, lats banknotes and coins worth LVL 82.8 million or EUR 117.9 million still had not been exchanged for euros. This includes 339.6 million lats coins weighing 779 tons.

Most of the lats coins not yet exchanged are of the smallest denominations – 238.7 million one-santim and two-santim coins. Meanwhile, 23.8 million one-lat coins have yet to be exchanged for euros.

Latvia gave up its national currency, the lats, and switched to euros on January 1, 2014.

Source: BNS

(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)

RELATED ARTICLES

Most Popular

Recent Comments