Latvia government bets on euro

Not everyone convinced that eurozone membership will encourage investment and lower borrowing costs.

    Latvia will join the list of EU countries using the euro as currency starting with the new year.

    The move marks the end of the national currency, Lat, reintroduced only 20 years ago - after independence from the Soviet Union.

    The government said eurozone membership will encourage investment and lower borrowing costs. But not everyone is convinced.

    Al Jazeera's Kim Vinnell reports from Riga.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Learn what India's parties' symbols mean by drawing them

    Learn what India's parties' symbols mean by drawing them

    More than 2,300 political parties have registered for the largest electoral exercise in the world.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.