Latvian lats standard from its introduction till 1940. On 17 June 1940, Latvia was occupied by the USSR. After the dismantling of the Bank of Latvia and its replacement with the Latvia Republican Office of the Gosbank on 10 October, the Soviet ruble was introduced alongside the lats on 25 November 1940 at par, although the real monetary value of the rouble was about three times lower and thus both wages and prices were gradually raised to devalue the lats from June to November 1940. To lessen the effect of the exodus of goods sent by Soviet occupational personnel to the USSR,
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