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Want to know the local currency in Latvia? The local currency in Latvia is called Lats.

The Latvian Lats is issued and managed by the Bank of Latvia. To find out the current currency exchange rates for Lats to other major currencies of the world, click on foreign currency rates.

Latvian Currency Information
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The currency used in Latvia is called as the Lats. This currency is denoted with the currency sign Ls and the ISO 4217 Code for the Latvian Lats is LVL. The Lats, is the official currency of the Latvia . It is divided into 100 smaller units called sant?ms.

The constitution of Latvia provides that the Latvia government shall have the power to print the Latvian Lats and sant?ms coins to be used as a legal tender in Latvia. The Latvian Lats bank notes and Sant?ms coins are both designated as "legal tender" in payment of debts.

The Latvian Lats bill uses the decimal system, consisting of 100 equal units.

The symbol Ls, usually written before the numerical amount, is used for the Latvian Lats.

Currently printed bank notes denominations are 5, 10, 20, 50, 100, 500 latu and the coins are minted in the denominations of 1, 2, 5, 10, 20, 50 sant?mu, 1, 2 lati .

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How Does Balance of Trade and Investment Affect the Value of the Latvian Lats
Financial analysts regularly cite the balance of trade and investment in Latvia as the most important influence on the value of the Lats. The difference between what the Latvia exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Lats exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Lats exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Latvian Lats.

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