Euro in Latvia
Anglų savarankiškas darbas.
Introduction. The changeover. Preparations for the cash changeover. The dual circulation period. Preventing abusive price practices. Price perceptions. Conclusions. References.
Similar to findings in the other countries, only a small minority of respondents in Latvia (8%) had encountered problems when exchanging Latvian lats cash into euro cash or withdrawing euro cash from banks in the first week of January 2014. The most common problem experienced in Latvia, as in previous changeovers, was longer queues at counters than usual (41%).
According to a Commission survey carried out at the end of December 2013, a large proportion of Latvians already possessed euro cash before the changeover: 43% had euro banknotes (56% from a trip abroad, 46% from an exchange in a bank in Latvia) and 60% had euro coins (57% from a trip abroad and 48% from a starter kit).
Respondents were asked if they thought that dual displays of prices were implemented correctly. More than four in five respondents (84%) felt that dual price displays were implemented correctly or mostly implemented correctly, with two in five (40%) saying that they were ‘mostly implemented correctly’. Only a small minority (8%) felt that they were not implemented correctly.