Bloomberg News

Latvia Central Bank Bought 19.2 Million Lati for Euros Last Week

October 03, 2011

Oct. 3 (Bloomberg) -- Latvia’s central bank bought 19.2 million lati ($36 million) for euros last week, the Riga-based bank said today on its website.

Latvia, like neighboring Lithuania, is a member of the pre- euro exchange-rate mechanism and pegs its currency to the euro. Latvia keeps the exchange rate within a 1 percent band around the target.

--Editor: Douglas Lytle

To contact the reporter on this story: Aaron Eglitis in Riga at

To contact the editor responsible for this story: Balazs Penz at

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