Latvian Lats (LVL) Definition.
The Latvian Lats, also known as the “Lats” is the official currency of Latvia. It is subdivided into 100 santims. The Latvian Lats was introduced in 1922, replacing the Latvian Rublis. In Independent Latvia (1918-1940), the Latvian Lats was also the name of the currency. The Latvian Lats was re-introduced in 1993, replacing the Soviet … Read more