Latvian lats standard from its introduction till 1940. On 17 June 1940, Latvia was occupied by the USSR. After the dismantling of the Bank of Latvia and its replacement with the Latvia Republican Office of the Gosbank on 10 October, the Soviet ruble was introduced alongside the lats on 25 November 1940 at par, although the real monetary value of the rouble was about three times lower and thus both wages and prices were gradually raised to devalue the lats from June to November 1940. To lessen the effect of the exodus of goods sent by Soviet occupational personnel to the USSR,
Baltic Slavic piracy for use in church candles and the sealing of documents. Once trade began, the German form of currency circulated amongst the group. After this point information on specifics of the trade between Germans and Slavs is unknown throughout the ninth century. During this time period it is known that the Slavs crossed paths with the Danes, leading to a series of fateful events. The Slavs of the Baltic had engaged in piratical activity before, while the Danes felt that trade and piracy went hand in hand, making for an interesting attempt at commercial relations. Baltic Slavs soon became interested in