Latvia has set 1st January 2014 as its target dated to adopt the euro. The first original target date for Latvia was January 2008, however, it had failed to meet the Maastricht convergence criteria due to a high inflation rate.

Currently, Latvia passes 2 out of the 5 criteria, however, the government is set to take corrective measures in the coming 3 years to meet all the 5 criteria by mid-2013, thus, making it possible to adopt the euro the year after.

The designs for the Latvian euro coins are already known and they will feature 3 separate designs as shown hereunder;


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