Latvian lats being equivalent to 1 lats. The 5 lats banknote was introduced at first, and the last banknote to be introduced was the 500 lats banknote on 20 July 1998. The lats was replaced on 1 January 2014 by the Euro, at the rate of 0.702804 Lats to 1 Euro. The second lats can be exchanged to euros at the official rate at the Bank of Latvia's cashier's office in Riga. Coins were issued in denominations of 1 santīms, 2 and 5 santīmi, 10, 20 and 50 santīmu, 1 lats and 2 lati. Besides standard coins in the list below and
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