History of Latvia forests were another export revenue source. On March 27, 1919 the Latvian rublis was introduced with an exchange rate of 1 Latvian rublis equal to 1 ostruble, 2 German marks and 1,5 czar rubles. On March 18, 1920 Latvian rublis was made the only legal currency. Due to high inflation, the new Latvian lats currency was introduced at a rate 1 lat to 50 rublis. In 1923 the Bank of Latvia was established and lats replaced rublis in 1925. Between 1923 and 1930 state budget was with a surplus. On average 25,5% went to defense, 11,2% to education and 23,4%
Baltic Offensive in-depth defense by the 1st Baltic Front, and by 20 August the German advance had stalled with heavy losses. A follow-on attack, code-named Operation Cäsar, and launched on 16 September, failed in the same manner. After a brief period of respite, STAVKA issued orders for the Baltic Strategic Offensive, which lasted from 14 September-24 November. In common with other Soviet strategic offensives, the Baltic Offensive covers a number of operational level operations and individual Front offensive operations: From the German defensive perspective, the period included the following operations: The Baltic Offensive operation resulted in the expulsion of German forces from