The Latvian Government sold lati after the currency reached its trading band limit, being the first sell since the month of November, as the nation moved closer to get the next tranche of a billionaire loan to rescue the weakened Baltic economy.
Latvian Lats LVL
Detailed information and fundamental factors
Central Bank: Bank of Latvia
Interest Rate: 3.50%
Public Debt to GDP Ratio, 2010: 44.7%
Trade Balance, 2010: -$1.551 bln.
Inflation, 2010: -1.1%
Supporting Factors
High-yielding interest rates
weak
Factors of Weakness
Dependence on the eurozone
