Latvian lats being equivalent to 1 lats. The 5 lats banknote was introduced at first, and the last banknote to be introduced was the 500 lats banknote on 20 July 1998. The lats was replaced on 1 January 2014 by the Euro, at the rate of 0.702804 Lats to 1 Euro. The second lats can be exchanged to euros at the official rate at the Bank of Latvia's cashier's office in Riga. Coins were issued in denominations of 1 santīms, 2 and 5 santīmi, 10, 20 and 50 santīmu, 1 lats and 2 lati. Besides standard coins in the list below and
Baltic Slavic piracy von Jungingen conquered the island in 1398 and drove the Victual Brothers out of Gotland and the Baltic Sea. Baltic Slavic piracy In the Baltic Sea region, groups of pirates of Slavic descent lived dating as far back as the 8th century to the 14th century. Baltic Slavs, whose agriculture was not highly developed in early 800, were in dire need of resources, since the dry islets were the only ones capable of cultivation and cattle were scarce. Flax was able to be grown, which was turned into linen or canvas for clothes and used as a form of currency.