History of the euro adopting the currency on that date. In 2013 Latvia gained the support of the European Commission, Central Bank and Parliament for accession on 1 January 2014 with Latvia adopting the currency on that date. On 23 July 2014 Lithuania became the last Baltic state to gain permission to join the euro, which was adopted on 1 January 2015. The chart below provides a full summary of all applying exchange-rate regimes for EU members, since the European Monetary System with its Exchange Rate Mechanism and the related new common currency ECU was born on 13 March 1979. The euro replaced the
5 lats coin content in the coins. The Soviet authorities, however, did have 5 lats coins worth around 3.6 million after the lat was removed from circulation. In 1960, Soviet authorities reportedly sold silver lats coins to foreign numismatists for 28 DEM Around the same time the Soviet Bank started purchasing gold and silver coins of historical currencies. The 5 lats coin could be sold for 60 kopeks. The image of the maiden featured on the reverse of the coin was used in the design of the modern 500 lats banknote. It is also used as a watermark for all lats banknotes. The