The authors of the graphical designs of these notes were Rihards Zarins, Karlis Krauze and Harijs Gricevics. The monetary system of the Latvian Soviet Socialist Republic was entirely controlled by the Gosbank.In 1987, the Latvia Republican Office of the State Bank of the USSR was renamed the Latvia Republican Bank of the State Bank of the USSR; however, it did not become a central bank with the right to issue the national currency. After the Second World War, Latvia was again incorporated into the Soviet financial system. Currency in Latvia: Euro (since January 2014) What is the unit of money in Latvia? Since 1 January 2014 the currency in Latvia is the Euro.

United Kingdom Pounds. In the period from April 1919 to September 1992, money notes were issued in denominations of 1, 5, 10, 25, 50, 100 and 500 rubles, and in denominations of 5, 10, 25 and 50 kopecks. The graphical design of the note was worked out by artists Rihards Zarins and Karlis Krauze.

Coins were issued in denominations of 1, 2 5, 10, 20 and 50 santims, and 1, 2 and 5 lats.

Coins: 1,2,5,10,20 and 50 Santims, and Ls 1 and 2. Euro, EUR is the national currency in Latvia. With the resolution of the Popular Council of Commissars of the Latvian SSR passed on November 25, 1940, the exchange rate of the lats against the USSR ruble was determined (1 lats = 1 ruble). This advice is being kept under constant review. Exchange. Currently the main currency in Latvia is Euro. Latvia has been using the euro since January 2014, when it replaced the Latvian lats. The Latvian Lats is the currency in Latvia (LV, LVA).

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In order to ensure the implementation of monetary policy, the Constitutional Assembly adopted the law on founding the Bank of Latvia on September 7, 1922.

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