Noun
the basic unit of money in Latvia
Source: WordNetAfter Western countries abandoned the gold standard, the Latvian lats was pegged to the British pound in September 1936. Source: Internet
National income was 444 lats per capita in 1933 and reached 637 lats per capita in 1938, thus finally overtaking the 1929 levels. Source: Internet
By 1937 Latvia had paid the full amount of 5 million golden lats. Source: Internet
Due to high inflation, the new Latvian lats currency was introduced at a rate 1 lat to 50 rublis. Source: Internet
The national income fell from 600 lats per capita in 1930 to 390 lats per capita in 1932. Source: Internet