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Basic Principles

Latvia's National Euro Changeover Plan envisages that the process of changeover to the euro has to be smooth and elaborated in a way causing the least interference to each individual's daily routine.

Therefore two key euro changeover principles and scenario for their implementation have been set.

Basic principle

Goal

Efficiency

Costs of all activities covered by the state have to be justified and sufficient to ensure qualitative performance.

Orientation to remotely positioned persons

Decrease problems caused by the transaction currency changeover process for the population having limited access to financial services (for instance, population in remote areas) shall be contained.

These principles are complied with when planning necessary tasks and activities which are already launched or will be launched to ensure smooth euro changeover.

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