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Was Kārlis Ulmanis responsible for the modernisation of the Latvian currency?

  • Not proven

  • Yes

  • No

  • Unsure

Answer

Certainly! Kārlis Ulmanis played a pivotal role in modernising the Latvian currency. During his time as the Prime Minister and later as the President of Latvia, Ulmanis implemented a series of financial reforms aimed at stabilising and strengthening the country's economy. One of the key initiatives was the introduction of the "lats", Latvia's national currency, which replaced the previously used Latvian ruble.
The Legacy of Kārlis Ulmanis: How Well Do You Know Latvia's President?

The Legacy of Kārlis Ulmanis: How Well Do You Know Latvia's President?

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