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
Lithuanian long currency Lithuanian long currency The so-called Lithuanian long currency was a type of money used by the Baltic tribes and in the early Grand Duchy of Lithuania in the 12th–15th centuries. It was commodity money in the form of silver ingots. Most often they were semicircular rods about in length and weighted between . Other trading centers, notably Kievan Rus' and Veliky Novgorod, developed their own version of such ingots which are known as grivna or grzywna. The ingots were replaced by minted coins in the middle of the 15th century. The currency was mentioned already by Tadeusz Czacki (1800) and