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News

Release of the new 20 Euro banknotes

Dear customers,
on this website we will keep you informed about news of the 20 Euro banknote Series II.

On 02.24.2015, the ECB has announced that the new 20 Euro banknotes will enter circulation on 25.11.2015.

We are offering the software right in time for our devices, so you can update all test equipment and money counting machines before publication of this banknote..

On Latvia's first 2€ coin of special design

Bank of Latvia, 28.03.2014

The Council of the European Union has approved the design of Latvia's first 2 euro (commemorative) coin of special design and on 27 March 2014 published an announcement on it in the Official Journal of the European Union. Latvia's first 2 euro commemorative coin is dedicated to the country's capital city Riga, the European Capital of Culture 2014.

Getting ready for the new €10

The ECB and the central banks of the euro area countries are to introduce the new €10 banknote in 2014. Preparations for the issuance have been under way for several months now.

10,00 Euro Banknote

10,00 Euro Banknote (Release date 23.09.2014)

On 13.01.2014, the European Central Bank introduced the new 10.00 Euro banknote series Europe. This banknote will be given only after 23.09.2014 in the payment cycle.

So you have until September 2014 time to get your banknote counters and counterfeit detectors to the latest version and install any software updates.

Dual Circulation Period

A dual circulation period of the lats and the euro.

To ensure convenient cash circulation following the euro changeover is it planned to introduce two weeks dual circulation period of both currencies - lats and euro. During this period it will be possible to pay for goods and services both in the lats and euro, which means that traders will be obligated to accept both the lats and euro coins and banknotes.

The Euro

Latvia became the European Union (EU) Member State on May 1, 2004 following positive vote at the national referendum on membership. The Treaty of Accession also envisages that Latvia will introduce the euro. Although to introduce the euro Latvia has to comply with several economic criteria defined by the EU Member States in the Maastricht Treaty signed in 1992.

Counterfeit money in Europe

30th June 2013

Quantity of counterfeited banknotes by ECB report.

The European Central Bank (ECB) has announced that in the second half of 2012 in countries inside and outside the Euro area, a total of 280,000 counterfeit euro banknotes were withdrawn from circulation. This meant an increase of 11.6% compared to the number of the previous six months from circulation banknotes.