1st of January - Eurozone joined Latvia!

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



Costs of all state measures performed should be commensurable with potential risks in case some measure would not be performed in an adequate scope and quality.

Orientation towards worst positioned inhabitants in terms of the access to financial services

Reduce impact of the currency chageover process to the part of society with limited access to financial services, for example, people living in remore areas.

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