Country and Pick Number: Latvia ; Pick P- 22
First year of issue: 1939
Denomination and currency: 100 Latu
Issue type: uncirculated
Description of paper money: Banknote 1939; Red. Farm couple with daughter. Series A 114200
Back – Red.Cargo ship dockside.
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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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