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25 Latu
| Issuer | Latvijas Banka (Bank of Latvia) |
|---|---|
| Year | 1928 |
| Type | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#18 |
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|---|---|
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| Reverse description | The coat of arms of Latvia occupies the central medallion, supported by a lion rampant to the left and a griffin to the right, surmounted by three stars, all executed in sharp intaglio on a dense guilloche ground of dark blue. Numerals '25' appear in bold relief within lozenge cartouches to either side, and an elaborate floral rosette guilloche border encircles the entire design. The denomination panel below the arms bears the inscription 'DIVDESMIT PIECI LATI' in a decorative tablet. |
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| Protection type | Watermark |
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| Comments |
Latvia's 1928 currency program was an early assertion of monetary stability after the lat had been pegged to gold in 1922 — one of the more disciplined postwar currency arrangements in the Baltics. The 25 latu denomination was part of a Waterlow & Sons series commissioned as Latvia consolidated its banking infrastructure during a period of relative political calm between the wars.
Waterlow produced the full range of denominations for this issue, and the engraving quality is characteristic of their better interwar work. Notes from this series saw genuine circulation through the 1930s and were effectively demonetized following the Soviet occupation of 1940.