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Money
Currency: Latvian Lat (Ls) = 100 santimi. Notes are in denominations of Ls500, 100, 50, 20, 10 and 5. Coins are in denominations of Ls2 and 1, and 50, 20, 10, 5 and 1 santimi.
Currency exchange: Bureaux de change are found all over main towns, including inside shops, hotels, post offices and train stations. These tend to close at 1900. Currency may also be obtained at ATMs in towns and cities.
Credit & debit cards: American Express, Diners Club, Eurocard, JCB, MasterCard and Visa are accepted by most hotels and petrol stations. Some shops in Riga also accept credit cards. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency restrictions: There are no restrictions on the import and export of either local or foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Lat against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 0.91 | 0.92 | 0.95 | 0.92 | | $1.00= | 0.62 | 0.61 | 0.60 | 0.58 |
Banking hours: Mon-Fri 0900-1700. Some banks are open Sat 0900-1200.
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Terms and Conditions apply.
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