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10 Latu

Issuer Latvijas Banka (Bank of Latvia)
Year 2008
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Value 10 Latu (10 LVL)
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Obverse lettering LATVIJAS BANKAS NAUDAS ZĪME
DESMIT LATU
LATVIJAS BANKA
(Translation: Banknote of the Bank of Latvia / Ten Lats / Bank of Latvia)
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Reverse lettering DESMIT LATU
©LATVIJAS BANKA 1992
LATVIJAS BANKAS NAUDAS ZĪME
(Translation: Ten Lats / ©Bank of Latvia 1992 / Banknote of the Bank of Latvia)
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Comments

Latvia re-entered its pre-Soviet monetary identity in 1993 when the lats was restored — a deliberate act of continuity with the interwar republic, not a new currency at all. The 2008 series updated the existing lats notes with enhanced security while retaining the visual grammar established earlier in the decade. Giesecke & Devrient's Leipzig facility, one of the principal banknote producers for post-Soviet Baltic issuers, handled production throughout the series run.

The lats survived only until 2014, when Latvia adopted the euro. Remaining stock was demonetized on a fixed schedule, though the Bank of Latvia committed to exchanging lats indefinitely — an unusual guarantee that has kept hoarding pressure low on circulated examples.

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