Latvian rublis 1 Rublis, 2 and 5 Rubļi, 10, 20, 50, 200 and 500 Rubļu. This second Latvian rublis was withdrawn from circulation on 18 October 1993, but could be exchanged for lats until 1 July 1994, when it lost validity. and the historic national currency - the "lats" - was reintroduced in 1993, replacing the Rublis at the ratio of 1 lats = 200 Rubļu. The lats was replaced on 1 January 2014 by the Euro, at the rate of 0.702804 Lats to 1 Euro. Latvian rublis The Latvian rublis () was the currency of Latvia from 1919 to 1922 and
Mark (currency) policy was not re-established, and the continuing loose money policy resulted in inflation, and in 1923, in hyperinflation. In late 1923, when the paper mark had become virtually worthless, it was replaced by a new currency, the (worth ). The new currency was issued by the newly established as credit to borrowers, but requiring collateral in the form of first-class claims to real estate. In 1924, the stopped providing unrestricted credit against worthless financial bills, and pegged its new currency, the , to the stable . The rationed its lending, so that the remained at par with the stable .