100 Latu

Latvia restored its pre-war currency in stages beginning in 1992, and the 100 Latu was the highest denomination in that initial reintroduction series — a deliberate signal that the restored lats would be treated as a serious, hard currency rather than a transitional placeholder. The interwar lats had been one of Europe's strongest currencies before Soviet annexation in 1940, and that reputation was consciously being reclaimed.

Giesecke & Devrient printed the series in Munich. The watermark remains the only primary security feature documented for this type, modest by contemporary European standards but adequate given how rarely 100-lat notes changed hands in ordinary retail transactions.