Currency Information on Latvian Lats - LVL — Latvian Lats – Ls
First introduced in 1922, the lats replaced the Latvian rublis at a rate of 50 rublis: 1 lat.
The lat was later replaced by the Soviet Ruble at a 1:1 ratio, until a few years after Latvia regained independence, when they reintroduced the lat at a rate of 200 rublu: 1 lat, in 1992. One lat subdivides into 100 sentime.
Coins are available in denominations of 1, 2, 5, 10, 20 and 50 santīmu, 1and 2 lati. Banknotes are in circulation in denominations of 5, 10, 20, 50 and 100 latu; the 500 latu note exists, but is rarely used.
Over a year ago we expanded our IT company and opened a new office in the UK. We have two offices in Europe now; we need to send money abroad very often, from Portugal to the UK and from the UK to Portugal. Knowing how to send money internationally in a safe way is therefore a crucial need for us on a weekly basis.
Comment written by Tiago Goncalves Director of an it Company.
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