The introduction of the Euro eliminates the risk of the currency exchange rate changing for Latvian and Lithuanian borrowers

In Latvia, in 2010, foreign currency loans constituted 90.5 percent of all private loans, which was also the highest level when compared to Central and Eastern European countries. In Lithuania, the interest in borrowing in foreign currency has been more modest: By the end of 2004, 43 percent of loans from the private loan portfolio were paid out in foreign currency, by the end of 2012, 72 percent.

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