Rimsevics on Latvia's strategy for euro transition

- Central Banking staff
- 25 Nov 2004

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In a speech on 'The Latvian strategy for the euro transition' given on 25 October, Ilmars Rimsevics of the Bank of Latvia said since Latvia's accession to the European Union one of the main tasks shared by the Bank of Latvia and other state institutions is to ensure that Latvia join the euro area in a timely and balanced manner and to replace the lats with the euro.

"Joining ERM II will serve as an additional stimulus for all the relevant state institutions to expend maximum effort to ascertain

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