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The official currency is the Lat (LVL), which is divided into 100 santims. Most hotels and restaurants in Riga accept credit cards, and most major banks cash travelers checks, but outside of the capital credit cards are not widely accepted and credit card fraud can be a problem at smaller institutions. Foreign currency can be exchanged at any bank, at money change kiosks and at some hotels; note that a 4 percent fee will be charged to exchange U.S. dollars that are torn or marked in any way. Most banks are closed on Saturdays and Sundays. ATMs are available in the larger cities.
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