Latvian lats Latvian lats The lats (plural: "lati" (2–9) "latu" (10 and more)), ISO 4217 currency code: LVL or 428) was the currency of Latvia from 1922 until it was replaced by the euro on 1 January 2014. A two-week transition period during which the lats was in circulation alongside the euro ended on 14 January 2014. It is abbreviated as "Ls" and was subdivided into 100 "santīmi" (singular: "santīms"; from French "centime"). The lats was first introduced on 3 August 1922, replacing the Latvian rublis at a rate of 1 lats = 50 rubļi. The lats was pegged against the gold
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.