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Lat, Latvia appearance.
The monetary unit of the Republic of Latvia is the lat, which consists of 100 centimes. In monetary circulation there are coins 1, 2, 5, 10, 20, 50 centimes and 1, 2 lats.
The Republic of Latvia is a member state of the European Union.
Lat was first introduced in 1922, replacing the Latvian ruble at a rate of 1 lats = 50 rubles. In 1940, Latvia was incorporated into USSR and lat was replaced by the Soviet ruble at par. Between 1922-1940 years in Latvia issued coins in denominations of 1, 2, 5, 10, 20 and 50 centimes and 1, 2, 5 lats. Coins of 1, 2 and 5 centimes was accecories bronze coins of 10, 20 and 50 centimes Nickel, while coins of 1 lats and above, of silver.
After the collapse of the USSR, since 1993 in Latvia issued coins in denominations of 1, 2, 5, 10, 20 and 50 centimes, and 1 and 2 lats. There are also commemorative coins in denominations of 2, 10, 20, 100 lats gold and silver.
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