Latvia : A successful euro changeover in Latvia.
The amount of euro cash in circulation exceeded the amount of circulating lats cash (value in euro) on 10 January 2014.
According to a Commission survey1, on Wednesday 14 January 2014, more than nine out of ten citizens made cash payments in shops in euro only. All customers were getting their change in euro. Nearly three out of four citizens polled said they carry only euro cash in their wallets.
Lats banknotes and coins can be exchanged at the official conversion rate (1 EUR = 0.702804 LVL) and free of charge at post offices until 31 March 2014 and at commercial banks until 30 June 2014. Thereafter, lats can be exchanged for euros without a service fee at the Bank of Latvia for an unlimited period of time.
Dual display of prices in euro and lats will continue until 30 June 2014.
2014 Al Bawaba (Albawaba.com) Provided by Syndigate.info , an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 17, 2014|
|Previous Article:||Luxembourg : ALPHA TRAINS buys fleet of 202 rolling stock assets from RBS.|
|Next Article:||Mauritius : Air Mauritius will operate 2 additional flights to mainland China in 2014.|