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50 Kapeikas
| Issuer | Latvijas Pagaidu valdība (Latvian Provisional Government) |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | First Rouble (1919-1922) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | LATWIJAS MAIŅAS SIHME 50 KAP. |
| Reverse description | Log in to see details |
| Reverse lettering | LATWIJAS MAIŅAS SIHME 50 KAP. |
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| Comments |
Latvia's Provisional Government issued this 50 Kapeikas note during a period when the new Latvian ruble was still competing with German occupation marks and Russian imperial rubles left over from the war. The kapeikas series — tiny by any measure — was a stopgap for small transactions while the country built its monetary infrastructure from scratch, having only declared independence in November 1918.
The 1920 dating places it after the armistice with Soviet Russia but before the lats replaced the ruble in 1922. Survival rates are surprisingly decent given the denomination's everyday use.