5 Rubļi

Latvia's 1992 banknote series was a direct consequence of the country breaking from the Soviet ruble zone — the lats had not yet been introduced, and these rubļi notes served as a transitional currency while the new monetary framework was being established. The series was designed domestically, with Kirils Šmeļkovs responsible for the artwork, an unusual choice given that newly independent states of the period typically outsourced printing to established Western security printers.

Einars Repše, who signed as governor, later became the architect of Latvia's full currency reform and the introduction of the lats in 1993.