Einars Repše During this period, he oversaw the introduction of the Latvian rublis, Latvia's temporary transition currency, and the Lats, independent Latvia's new currency. Under Repše, the Bank of Latvia pursued a tight monetary policy, implementing a de facto currency board for the Lats. As a result, the exchange rate of the lat has been stable since the early 1990s till now. The success of the Lats made Repše very popular in Latvia. In 2001, Repše resigned from the Bank of Latvia to return to politics. He founded the New Era Party, a Populist anti-corruption party. After the 2002 elections, Repše became
State continuity of the Baltic states In the Russian Federation rulings of the court caused negative reaction among politicians and were characterized as "politicized." In the Baltic states the court rulings were accepted within the general lines of the Western non-recognition policy (see Stimson Doctrine). Notably, the Estonian Internal Security Service emphasized the importance of the decisions in its 2006 yearbook. William Hough, New York Law School Journal of International and Comparative Law, Volume 6, Number 2, 1986, "The Annexation of the Baltic States and its Effect in the Development of Law Prohibiting Forcible Seizure of Territory" State continuity of the Baltic states State continuity of