Latvia uses the Euro (EUR) as its official currency. Electronic payments are widely accepted, and cash is less commonly required in urban areas.
- Official currency: Euro (EUR)
- Accepted payment methods: Cash (EUR), credit/debit cards (Visa, Mastercard), and mobile payments (Apple Pay, Google Pay). American Express is less commonly accepted.
- Contactless payments: Widely available in shops, restaurants, and public transport.
- ATM availability: ATMs are common in cities and towns. Most accept international cards; check for Visa/Mastercard logos.
- Currency exchange: Available at banks, exchange offices, and airports. Banks such as Swedbank, SEB, and Luminor are major providers.
- Foreign currency restrictions: Payments in foreign currency are not accepted in retail. Large cash transactions (over EUR 7,200) may require identification.
- Cash import/export limits: Amounts over EUR 10,000 (or equivalent in other currencies) must be declared at customs.
- Transaction fees: Foreign card transactions may incur fees (typically 1–3%). ATMs may charge additional withdrawal fees.
- Payment tips: Inform your bank of travel plans to avoid card blocks. Carry some cash for small vendors or rural areas.
- Regulations: Latvian law requires reporting of suspicious transactions and compliance with EU anti-money laundering directives.
