The International Monetary Fund, Latvia is not asked to change its currency peg to the euro, the head of the central bank was quoted as saying on Wednesday.

The fears of a devaluation of the fund
the lat to Latvia have slipped into recession and to salvage its second biggest bank, Parex.

“There is no risk for this, the central bank governor said Ilmars Rimš?vi?s newspaper Latvijas Avize.” The IMF does not require any changes in exchange rates.

This is linked to the euro at a rate of 0.7028 euros, with a bandwidth of 1 percent. It was blocked at the end of the weakness of the banks, 0.7098, while nine weeks, and the Central Bank has more than 900 million euros to support it.

Rimš?vi?s said that the central bank the right to change the fixed exchange rate.

“Only the bad things that come from a lat devaluation of the exchange rate or a change: inflation is rising, the expensive raw materials, Latvian companies deteriorate because they are much to buy abroad,” he said.