Einars Repše During this period, he oversaw the introduction of the Latvian rublis, Latvia's temporary transition currency, and the Lats, independent Latvia's new currency. Under Repše, the Bank of Latvia pursued a tight monetary policy, implementing a de facto currency board for the Lats. As a result, the exchange rate of the lat has been stable since the early 1990s till now. The success of the Lats made Repše very popular in Latvia. In 2001, Repše resigned from the Bank of Latvia to return to politics. He founded the New Era Party, a Populist anti-corruption party. After the 2002 elections, Repše became
Baltic Slavic piracy for use in church candles and the sealing of documents. Once trade began, the German form of currency circulated amongst the group. After this point information on specifics of the trade between Germans and Slavs is unknown throughout the ninth century. During this time period it is known that the Slavs crossed paths with the Danes, leading to a series of fateful events. The Slavs of the Baltic had engaged in piratical activity before, while the Danes felt that trade and piracy went hand in hand, making for an interesting attempt at commercial relations. Baltic Slavs soon became interested in