Latvia
Latvian Political System
According to the Constitution (Satversme), Latvia is a parliamentary republic in which the sovereign power belongs to the people, who are represented by a unicameral parliament (Saeima), with 100 members elected in general, equal, direct, secret and proportional elections for a four-year period.
Currency & money in Latvia
he official currency of the Latvian Government is the Latvian LAT. There are three abbreviations that are commonly used. They are (LS), (LVL) and sometime (LAT or LATS).
The Euro is used for hotel, apartment and real estate pricing and for most apartment rental transactions. The US Dollar is being used less and less.
National Holidays
Festivities to celebrate the New Year begin in the evening of December 31 In recent years, both the President and Prime Minister address the people on national TV. While champagne toasts are common, many Latvian families partake in a variety of traditional rituals to ensure good luck and prosperity in the New Year.