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Latvia joined the euro area on 1 January 2014.
On that date the euro replaced the lats at the fixed exchange rate of €1 = LVL 0.702804.
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The signature of Mario Draghi can now be seen on some euro banknotes.
Other banknotes bear the signature of one or other of the previous two ECB Presidents. All the banknotes are equally valid regardless of the signature.
The Europa series of euro banknotes will be gradually introduced in the euro area over the next few years. The first banknote in the new series, the €5, started circulating on 2 May 2013. The new €10 was unveiled on 13 January 2014 and will start circulating on 23 September 2014.
Do you handle cash as part of your work? We have produced information material especially for you. It includes details of the security features.
The Eurosystem has developed common standards for facilitating the integration of detectors into banknote sorting machines.
The ECB has developed an exhibition on the euro banknotes and coins and their security features. The exhibition is currently touring the EU Member States.
Check the euro banknotes: “Feel”
Check the euro banknotes: “Look”
Check the euro banknotes: “Tilt”