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 (tug) Baltic (tug) The Baltic is a German emergency tow vessel (ETV) commissioned in 2010. The vessel which was built in Spain by Astilleros Armon is owned by Arbeitsgemeinschaft Küstenschutz of Germany, a consortium of tugboat companies. The Federal Ministry of Transport, Building and Urban Development of Germany has chartered the vessel to protect the German coastline. The "Baltic" replaced the tugboat "Fairplay 26" as an ETV and operates from Warnemünde in the western Baltic Sea. She was commissioned on 24 September 2010. The Baltic features a bollard pull of 127 tons and a maximum speed of . In October 2010,