"Latvian banks are holding more
foreign cash than ever before as Cyprus’s economic woes prompt
wealthy depositors from the former Soviet Union to seek an
alternative offshore home for their money.
As non-European inflows into Cyprus stagnate, about $1.2
billion flooded into Latvia in the first half of the year. Non-
resident deposits are now $10 billion, about half the total,
regulators say, exceeding 43 percent in Switzerland, according
to that nation’s central bank."--http://www.businessweek.com/news/2012-08-29/swiss-style-latvian-banking-hub-thrives-on-ex-soviet-cash-flood
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