Latvia as its currency since 1 January 2014, replacing the Latvian lats. The name "Latvija" is derived from the name of the ancient Latgalians, one of four Indo-European Baltic tribes (along with Couronians, Selonians and Semigallians), which formed the ethnic core of modern Latvians together with the Finnic Livonians. Henry of Latvia coined the latinisations of the country's name, "Lettigallia" and "Lethia", both derived from the Latgalians. The terms inspired the variations on the country's name in Romance languages from "Letonia" and in several Germanic languages from "Lettland". Around 3000 BC, the proto-Baltic ancestors of the Latvian people settled on the
Denomination (currency) Denomination (currency) Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment like gift cards. For example, "five euros" is the denomination of a five euro note. In a currency, there is usually a main unit (base), and a subunit that is a fraction of the main unit. In some countries, there are multiple levels of subunits. In the former Ottoman Empire, 1 lira = 100 kuruş = 4000 para = 12000 akçe. Today, only a few places have more than one subunit, notably the Jordanian