Latvia: Joining the Eurozone

Politics ♦ Published: July 9, 2013; 15:30 ♦ (Vindobona)

Lativa is becoming the 18th country in the Eurozone. The EU Economy and Finance Ministers have given their green light for the admission.

Latvia: Joining the Eurozone / Picture: ©

The Baltic State, which counts around two million citizens, will become amember of the currency union on January 1 2014. The exchange rate was determined at 0.702804 Lats per Euro, as announced by the Ministers. The first Euro bills and coins are supposed to be issued from January 1 2014 on.

The EU Commission and the European Central Bank (ECB) have certified the readiness to…