LVL (Latvian Lat)

The currency abbreviation for the Latvian lat (LVL), the currency for Latvia. The Latvian lat is made up of 100 santïms and is often presented with the symbol Ls before the numerals, or s after them (Ls100 or 100s).

The Latvian lat replaced the Latvian ruble in 1922, but was replaced by the USSR ruble in 1940 when Latvia became part of the USSR. In 1993, Latvia regained its independence, and the lat was restored as the official currency, replacing the ruble at a rate of 1:200. Latvia planned to adopt the euro in 2008, but was unable to reduce its inflation to the required level in time to do so.

Investment dictionary. . 2012.

Look at other dictionaries:

  • LVL — The abbreviation for the lat, the currency of Latvia. The Latvian lat is broken into smaller units called santimu, and is found in both coin and banknote form. It is managed by the central bank, Bank of Latvia. The Latvian lat was introduced in… …   Investment dictionary

  • LVL — Level (Academic & Science » Physics) * Latvian Lat (Regional » Currencies) * Laminated Veneer Lumber (Business » Products) * Low Velocity Layer (Academic & Science » Ocean Science) * Low Velocity Layer (Academic & Science » Meteorology) *… …   Abbreviations dictionary

  • Latvian lats — Infobox Currency currency name in local = Latvijas lats lv icon image 1 = 1Lats salmon.png image title 1 = The standard version of 1 lats coin bears a salmon iso code = LVL using countries = LVA inflation rate = 10.1% inflation source date =… …   Wikipedia

  • International status and usage of the euro — Worldwide use of the euro and US$:   Eurozone …   Wikipedia

  • Latvia — /lat vee euh, laht /, n. a republic in N Europe, on the Baltic, S of Estonia, an independent state 1918 40; annexed by the Soviet Union 1940; regained independence 1991. 2,437,649; 25,395 sq. mi. (63,700 sq. km). Cap.: Riga. Latvian, Latvija… …   Universalium

  • Economy of Latvia — Latvia has the fastest growing economy in Europe. It has had high GDP growth since 2000. In 2003, GDP growth was 7.5% and inflation was 2.9%. Unemployment was 8.8% in 2003, almost unchanged compared to the previous two years. Privatization is… …   Wikipedia

  • Латвийский лат —  (рус.) Latvijas lats  (латыш.) Latvian Lats  (англ.) Lats letton   …   Википедия

  • Латвия — У этого термина существуют и другие значения, см. Латвия (значения). Латвийская Республика Latvijas Republika …   Википедия

  • Lettonie — Latvijas Republika (lv) République de Lettonie (fr) …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.