Latvian lats Lūsis and Jānis Strupulis. All banknotes are 130 × 65 mm in size. They were printed by Giesecke & Devrient GmbH in Germany and were designed by Imants Žodžiks and Valdis Ošiņš. The lats was the fourth-highest-valued currency unit after the Kuwaiti dinar, Bahraini dinar, and the Omani rial at the end of its circulation. The 500 latu note was the world's third most valuable banknote after the $10,000 Singapore note and the 1,000 Swiss franc note. Latvian lats The lats (plural: "lati" (2–9) "latu" (10 and more)), ISO 4217 currency code: LVL or 428) was the currency of Latvia
World currency to the United States dollar. However, as the United States has the world's largest economy, most international transactions continue to be conducted with the United States dollar, and it has remained the "de facto" world currency. According to Robert Gilpin in "Global Political Economy: Understanding the International Economic Order" (2001): "Somewhere between 40 and 60 percent of international financial transactions are denominated in dollars. For decades the dollar has also been the world's principal reserve currency; in 1996, the dollar accounted for approximately two-thirds of the world's foreign exchange reserves", as compared to about one-quarter held in euros (see Reserve