Einars Repše During this period, he oversaw the introduction of the Latvian rublis, Latvia's temporary transition currency, and the Lats, independent Latvia's new currency. Under Repše, the Bank of Latvia pursued a tight monetary policy, implementing a de facto currency board for the Lats. As a result, the exchange rate of the lat has been stable since the early 1990s till now. The success of the Lats made Repše very popular in Latvia. In 2001, Repše resigned from the Bank of Latvia to return to politics. He founded the New Era Party, a Populist anti-corruption party. After the 2002 elections, Repše became
Carthaginian currency Carthaginian currency Carthaginian or Punic currency refers to the coins of ancient Carthage, a Phoenician city-state located near present-day Tunis, Tunisia. The base currency was the shekel, although its Punic pronunciation was probably . The Phoenicians, despite their extensive trading empires, began minting coins relatively late. Siculo-Carthaginian currency began to be issued in the mid-4th century and probably preceded Phoenicia's own Tyrian shekels, which developed . Carthage was also the first known state to utilize lightweight, flexible leather promissory notes. Carthage issued ½-shekel, shekel (7.20 g), 1⅔-shekel, double shekel, and triple shekel coins. 5-shekel pieces were issued in Sicily. It