Latvia joined the European Union in 2004 and is currently preparing to adopt the euro.
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Latvia at a glance
Surface area: 64 590 km2
Population: 2 281 305 (Eurostat 2007)
Joined the European Union: 1 May 2004
Currency: lats (LVL)
Euro information
Status: Latvia is not yet a member of the euro area. The Latvian lats joined the Exchange Rate Mechanism (ERM II) on 2 May 2005, and observes a central rate of 0.702804 to the euro with standard fluctuation margins of ±15, but Latvia unilaterally maintains a 1% fluctuation band around the central rate.
Exchange rate: The current euro to lats foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily).
Adoption of the euro: Latvia currently has no target date for the adoption of the euro.
Documents and publications:
- National Euro Changeover Plan (Latvian government, also in English and Russian)
- Fifth report on the practical preparations for the future enlargement of the euro area. COM(2007) 434 final (European Commission)
- 2006 Convergence Report. COM(2006) 762 final, also published as European Economy, No. 1/2006 (European Commission)
- Latvian lats included in the Exchange Rate Mechanism (European Commission, 29 April 2005)
- General publications
Opinion polls and surveys
- Flash Eurobarometer 207 (May 2007)
- Flash Eurobarometer 191 (November 2006)
Downloads
Websites
Euro websites
- Euro section on the Latvian Ministry of Finance’s website, also in English
Institutions
- Latvijas Banka (Bank of Latvia, also in English)
- Finanu ministrija (Ministry of Finance of the Republic of Latvia, also in English)
Business
- Latvijas Tirdzniecibas un rupniecibas kamera (Latvian Chamber of Commerce and Industry, also in English and Russian)
- Euro Info Centres in Latvia
Consumers
Pateretaja Celvedis (Consumer guide)
