Latvia’s Central Bank Sold 34.8 Million Lati for Euros Last Week
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Latvia’s central bank sold 34.8 million lati ($64.7 million) for euros last week, the Riga-based bank said today on its website.
Latvia is a member of the pre-euro exchange-rate mechanism and pegs the lats to the European Union’s common currency. Latvia keeps the exchange rate within a 1 percent band around a target.