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20 Latu
| Issuer | Latvijas Banka |
|---|---|
| Year | 1924 |
| Type | Standard circulation banknote |
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| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | LATVIJAS BANKAS NAUDAS ZIME DIVDESMIT LATU Padomes priekšsēdētājs Galvenais direktors Pret šo naudas zīmi Latvijas Banka izmaksā 5,80645 granus zeltu Naudas zīmes nodrošinātas to pilnā nominalvērtībā |
| Reverse description | Log in to see details |
| Reverse lettering | DIVDESMIT LATU PAR LATVIJAS BANKAS NAUDAS ZĪMU VISDIENĪLVAJ VILĪOTU ZĪMJU VATNĪCOU UN NEPIĀTĀŠANU VATNĪCOU CĀŠĀRANA AR SODU ATZIŅĀ |
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| Comments |
Latvia's 1924 series was among the first substantial issues from Latvijas Banka following the lats currency reform of 1922, which replaced the Latvian rublis at a rate of 50 rubļi to 1 lats — itself a stabilization measure after the inflationary chaos left by war and occupation. Waterlow & Sons in London handled the printing, as they did for numerous newly independent states in the interwar period who lacked domestic printing infrastructure.
The P#15 20 latu is notably scarce in circulated grades, as the denomination was high enough that most examples saw careful handling — or simply weren't used by ordinary Latvians at all.