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 Way (mathematical contest) circulates among the regular participants. Baltic Way (mathematical contest) Originally, the three Baltic states participated, but the list of invitees has since grown to include all countries around the Baltic Sea; Germany sends a team representing only its northernmost parts, and Russia a team from St. Petersburg. Iceland is invited on grounds of being the first state to recognize the newfound independence of the Baltic states. Extra "guest" teams are occasionally invited at the discretion of the organizers: Israel was invited in 2001, Belarus in 2004 and 2014, Belgium in 2005, South Africa in 2011 and the Netherlands in 2015.