Fears grow on Latvian currency

 
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Fears remain over the Latvian currency after the central bank said it has spent almost 1bn euros ($1.4bn; £876m) this year supporting the lat.

If Latvia was forced to devalue the lat, it could trigger a wave of revaluations in Eastern Europe and hurt European banks invested in Latvia.

The central bank sold 237m euros of the currency last week, taking its total this year to 907m euros.

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