As a result of a national competition of ideas, it was decided that the Latvian 1 euro and 2 euro coins would feature a historic symbol: the profile of a Latvian folk maid, an image used on the silver 5 lats coin. 10 cent, 20 cent and 50 cent coins would feature the large coat of arms of the Republic of Latvia, whereas 1 cent, 2 cent and 5 cent coins would depict the small coat of arms of the Republic of Latvia. 

The Council of the European Union has approved the design of Latvia's first 2 euro commemorative coin dedicated to Riga, the European Capital of Culture 2014. The coin features a panoramic view of the Old Town.

The issuance of the coin is projected for the beginning of autumn 2014. The mintage number of the coin will be 1 million.

 
 
 

Highlights

  • On first household finance and consumption survey in Latvia

    This year Latvia participates in the joint euro area project Household Finance and Consumption Survey for the first time. To obtain quality data on household financial structure and consumption habits, the CSB is going to interview over 4 000 households in Latvia.

  • Zoja Razmusa, Deputy Governor of Latvijas Banka

    Dr.oec. Zoja Razmusa, a long-standing employee of Latvijas Banka, has been appointed to the position of Deputy Governor. On 13 March 2014, the Saeima of the Republic of Latvia approved Zoja Razmusa as Deputy Governor of Latvijas Banka on the recommendation of Ilmārs Rimševičs, Governor of Latvijas Banka.
    Z. Razmusa has been working for Latvijas Banka for more than 20 years. She was among those who formed and developed the Monetary Policy Department. Since February 2011, Z.Razmusa has been holding a seat on the Council of Latvijas Banka.

  • Festivity dedicated to new coin

    The very first euro collector coin issued by Latvia is commemorating 150 years of Ainaži Nautical School. To celebrate the coin's issuance, the Museum of Ainaži Nautical School hosted a warm and sincere festive occasion, which was attended by over 40 guests, among them sailors, museum employees, art experts and mass media representatives.

    Ainažu jūrskolas monētas atvēršanas svētki

    Public interest about the coin has been unprecedented, and Latvijas Banka's cashier offices sold the coin out within a day of going on sale.

  • Effective changeover to euro in cash circulation and payments

    At the end of the 14-day dual cash circulation of the incoming euro and the leaving lats, we can state with confidence that the changeover to the euro, i.e. its putting into circulation and using in payment systems, has proceeded smoothly and without disruptions or any serious incidents.

  • Circulation of new €10 banknote in autumn 2014

    The new Europa series €10 banknote has been unveiled in Frankfurt today (13 January 2014). It will start circulating in September 2014.
    Latvijas Banka money technology expert's commentary: The introduction of the new Europa series €10 banknote in Latvia will present no problems.

Interest Rates

Effective from 13.11.2013
Marginal lending facility Fixed rate 0.75%
Main refinancing operations 0.25%
Deposit facility 0.00%

ECB Exchange rates

24.04.2014
Currency Value
USD 1.382000
RUB 49.323700
GBP 0.823000
JPY 141.630000
CHF 1.220300