The surviving evidence establishes this unit of account, but a fuller narrative is still being developed. Its known connections are shown above; the research page documents what is established and what remains uncertain.

Replacement by an existing currency

This conversion belongs to the history of the retiring unit. It does not make that unit an ancestor of the currency adopted.

Euro · 2014
0.702804 Latvian lats = 1 EUR Conversion terms and evidence ↗

Turning points

March 5, 1993

Currency replacement

The lats entered at 200 Latvian rubles per lats. Five-lats notes came first. The June date in Bundesbank metadata refers to later denominations; it is not first lats circulation. ^[1]

1993

Name revival

Latvia restored the lats name after the Soviet-era interruption. ^[2]

Latvia: monetary substitution; not necessarily last cash tender

Euro monetary substitution

1 EUR = 0.702804 LVL. Latvia: euro adoption January 1, 2014; cash January 1, 2014. Regulation 974/98 substitutes the euro for each participating state’s currency on its adoption date; cash changeover is separately defined. ^[3] ^[4] ^[5]

Latvia: euro cash legal-tender start

Euro cash changeover

Latvia: euro adoption January 1, 2014; cash January 1, 2014. ^[4]

Sources and evidence

Open the complete research record →

Full claims, evidence coverage, corrections and earlier interpretations are kept separately.

Cite this page

“Latvian lats — restored 1993 currency.” The Family Tree of Money. © Field Technologies, Inc. Updated 2026-10-14; data version v49. https://familytreeofmoney.org/currency/T-FTM000804.html

Editorial evidence supplement · Download the research data