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Saeima to vote on euro bill in first reading

Photo: Edijs Palens/LETA.
 RIGA, Dec 13 - Today, Saeima will vote on the euro implementation bill in principle in the first reading.
As reported, the euro introduction bill stipulates the period when euros and lats will circulate simultaneously, cash exchange and other related matters.
The bill also stipulates that price tags will include prices in both euros and lats three months before the introduction of the euro and six months after that.
Both currencies will circulate simultaneously two weeks after the adoption of the euro. When receiving payments after the introduction of the euro, change will be given in euros. In addition, all ATMs will cease to dispense lats.
When the period of simultaneous circulation will expire, the euro will become the only legal instrument of payment.
Latvia is planning to adopt the euro on January 1, 2014.
leta.lv
13-12-2012
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