Country and Pick Number: Latvia ; Pick P- 18
First year of issue: 1928
Denomination and currency: 25 Lati
Issue type: circulated
Description of paper money: Black on yellow underprint. K. Valdemars at top center, ships left and right. Series B424027
Back: Blue. Arms at center.
Size: 133 x 89 mm
Warning: Last items in stock!
On August 3 1922 Lats became the official currency. Without taking the loans from abroad Latvia managed to stabilize its currency in short time. On September 19 the Latvian State Bank was founded to issue the new currency. Most Latvian paper lats were made in UK, only in 1939 100 Lats banknote was printed in Latvia. Designed by Rihards Zariņš the Latvian paper money was one of the most beautiful in Europe.
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