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Latvia introduced its own currency, the lat, in 1922, dividing it into 100 santīmi. The coins of this era featured distinctive Latvian symbols and were in circulation until the Soviet occupation in 1940. From 1940 to 1991, during Soviet rule, the Soviet ruble became the official currency, with Latvian coins no longer in use. These Soviet-era coins displayed typical Soviet imagery.

Following Latvia's independence in 1991, the lat was reintroduced in 1993. When Latvia joined the European Union in 2004, it eventually adopted the euro as its currency on January 1, 2014. The euro, which is divided into 100 cents (often called euro cents), is now the official currency in Latvia.

The 1 and 2 euro cent coins are made from copper-clad iron, while the 5, 10, and 20 euro cent coins consist of a copper-nickel-zinc alloy. These coins bear the Latvian coat of arms with a sun motif linked by five arches.

The 50 euro cent coin and the 1 euro coin are both made of a copper-nickel alloy. The 50 euro cent coin features a pine sapling, symbolizing Latvia's forests, while the 1 euro coin depicts a leaping salmon, representing Latvia's waters.

The 2 euro coin has an inner ring of copper-nickel-zinc alloy and an outer ring of copper-nickel alloy. This coin is adorned with an image of a cow, signifying Latvia's rural landscapes.

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