Latvian central bank buys 13.5 million lats worth of euros
04.01.2010, 12:00Latvia’s central bank sold 13.5 million lats ($27 million) for euros last week, according to Bloomberg.
The bank announced the transaction on its Web site today without providing further details.
Latvia, like neighboring Lithuania and Estonia, is a member of the pre-euro exchange-rate mechanism and pegs the lats to the common currency. Latvia keeps the exchange rate within a 1 percent band around a target.