Country and Pick Number: Latvia ; Pick P- 34b
First year of issue: 1940
Denomination and currency: 5 Lati
Issue type: circulated
Signature(s): K.Karlsons, V. Bastjanis
Description of paper money: Banknote 1940; Blue, gray and brown. Bridge across the River Guaja. Series A 106549
Back –Brown. Arms at center.
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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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