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The bolívar fuerte is the new currency of Venezuela since January 1, 2008. The name "bolívar fuerte" is only used temporarily to distinguish it from the older currency that was being used along with the bolívar fuerte (VEB). The new name is literally translated as "strong bolívar",
Latvia had originally planned to adopt the euro as its official currency in 2008. It is now expected that Latvia will introduce the euro in 2012 at the earliest although 2013 may be a more realistic date. The Lat is pegged to the Euro at a rate of 1 LVL = 1.4229 EUR.
1 VEF = 0.1234 LVL
Venezuelan BolivarLatvian Lats
