As you know, in accordance with the EU legislation stipulates that, by joining the EU, we commit ourselves to introducing the euro as legal tender in Latvia sooner or later. Latvia undertook to observe this legislation with a convincing majority of votes in the 2003 referendum.
Hence the question is not WHETHER the euro will be introduced in Latvia, the question is WHEN it will happen. For this process to be as successful as possible, it should be guided by three basic principles. It should: •  be easy to understand and transparent - i.e.