Stuff Your Wallet with Crisp Euros for a Trip to Latvia
January 22, 2014 at 8:40 AM
We’ve got an extra twenty euro note hanging out with our passport, and it’s ready to be used on our next trip across the pond. Well there’s a new country where we can exchange it for some souvenirs, as Latvia is now part of the big family utilizing the euro.
January 1 was the big day, so things have been going on for a few weeks now. Citizens tossed their old former currency aside—known as Latvian lats—in favor of what is used in plenty of countries across the continent. With Latvia joining the party there are now 18 countries doing the euro thing. For those that are still finding lats in their pockets when doing laundry the exchange rate is set at one euro for 0.7 lats, so go ahead and exchange those suckers.
Of course there were some concerns regarding inflation, but it seems like things have been going well so far. We’re hardly economists, but we do like different currencies from different countries—and this one seems to be catching on.
For now you’ll need to hit the ATM or exchange booth if you’re leaving Latvia to visit some of its neighbors. However, if all goes according to plan Lithuania might be next, as they’re hoping to join the euro club as soon as 2015.