Latvia
officially adopted the euro currency on 1st January 2014, becoming the 18th
eurozone country. This was
despite a majority (52%) of its people opposing membership, with only 45% in
support. Two years previously, many had wondered if the euro would survive.
During 2013, however, the currency actually rose 4.5 percent against the
dollar, finishing the year at 1.38 to the dollar. An assessment published in
June 2013 asserted that Latvia had met all the convergence criteria necessary
for euro adoption, which was given final approval by the Economic and Financial
Affairs Council the following month.*
Reference
Reference
https://en.wikipedia.org/wiki/Latvia_and_the_euro
Accessed 1st January 2014.
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