Valdis Dombrovskis, Prime Minister of Latvia (and a trained physicist), declared 1 January 2014 as a "big opportunity for Latvia's economic development". Some Latvian locals have expressed concerns over inflation, and indeed Latvia's central bank does expect a modest rise in prices, to bring inflation to 2%.
Two-thirds of the Baltic States are now Euro-enabled.
Amongst the other Baltic States, Estonia has already joined the euro in 2011, and Lithuania aims to do so in 2015. Ex-communist Poland has retained the zloty and is tight-lipped about the prospect of joining the Euro.
Say "Atta" to the Latvian lats, as another European currency hits the history books!
Two-thirds of the Baltic States are now Euro-enabled.
Amongst the other Baltic States, Estonia has already joined the euro in 2011, and Lithuania aims to do so in 2015. Ex-communist Poland has retained the zloty and is tight-lipped about the prospect of joining the Euro.
Say "Atta" to the Latvian lats, as another European currency hits the history books!
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