Latvian euro coins minted in Stuttgart except the 1 cent, 10 cent and 1 euro coins, which were minted in Karlsruhe. The production of Latvian euros began in July 2013. Latvian euro coins Latvia replaced its previous currency, the lats, with the euro on 1 January 2014, after a European Union (EU) assessment in June 2013 asserted that the country had met all convergence criteria necessary for euro adoption. The adoption process began 1 May 2004, when Latvia joined the European Union, entering the EU's Economic and Monetary Union. At the start of 2005, the lats was pegged to the euro at Ls
Multi-currency pricing found in "card not present" (internet, mail-order/telephone-order) environments, but can also be used as a terminal application in "card present" (POS) environments. Multi-currency pricing Multi-currency pricing (MCP) is a financial service which allows businesses to price goods and services in a variety of foreign currencies, while continuing to receive settlement and reporting in their home currency. With MCP, merchants can sell the same item to British customers in pounds sterling, French and German customers in Euros, and Japanese customers in Yen. A sales tool that helps merchants expand into other sectors of the global marketplace, MCP allows cardholders to shop,