Communique of the European Central Bank and Latvijas Banka

Following the determination of the euro conversion rate of the Latvian lats by the Council on 9 July 2013, by way of an amendment to Regulation (EC) No 2866/98, which is to become effective on 1 January 2014, the European Central Bank and Latvijas Banka will monitor developments in the market exchange rate of the Latvian lats against the euro in the context of the ERM II Agreement.