History of Latvia forests were another export revenue source. On March 27, 1919 the Latvian rublis was introduced with an exchange rate of 1 Latvian rublis equal to 1 ostruble, 2 German marks and 1,5 czar rubles. On March 18, 1920 Latvian rublis was made the only legal currency. Due to high inflation, the new Latvian lats currency was introduced at a rate 1 lat to 50 rublis. In 1923 the Bank of Latvia was established and lats replaced rublis in 1925. Between 1923 and 1930 state budget was with a surplus. On average 25,5% went to defense, 11,2% to education and 23,4%
Baltic State Opera Baltic State Opera Baltic Opera (formerly Baltic State Opera) is an opera company located in Gdańsk, Poland. It began in February 1949 as the Music and Drama Studio (in Polish: Studio Muzyczno-Dramatyczne) set up by Iwo Gall. In autumn 1949, the Opera Studio (in Polish: Studio Operowe) of the Baltic Philharmonic was founded. In 1953, they were united under the name of Baltic State Opera and Philharmonic. In 1993, after the institution had been divided, the Baltic Opera emerged. In 2008, Marek Weiss became the director and steered the institution in a new direction. Such ambitious operas as Britten's "Rape