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 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