Baltic–Soviet relations military measures." In mid-June 1940, when international attention was focused on the German invasion of France, Soviet NKVD troops raided border posts in Lithuania, Estonia and Latvia. State administrations were liquidated and replaced by Soviet cadres, Elections were held with single pro-Soviet candidates listed for many positions, with resulting peoples assemblies immediately requested admission into the USSR, which was granted by the Soviet Union. Germany invaded and occupied the territories of Baltic states in 1941 during "Operation Barbarossa". At the beginning the Lithuanians, Latvians and Estonians hoped that the Germans would reestablish Baltic independence. Such political hopes soon evaporated and
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