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50 Latu
| Issuer | Latvijas Banka (Bank of Latvia) |
|---|---|
| Year | 1924 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | LATVIJAS BANKAS NAUDAS ZĪME 50 LATU PIECDESMIT LATU PRET ŠO NAUDAS ZĪMI LATVIJAS BANKA IZSNIEDZ 14,51613 GRAMUS ZELTA. NAUDAS ZĪMES NODROŠINĀTAS TO PILNĀ NOMINALVĒRTĪBĀ 1924 (Translation: Bank of Latvia Banknotes Fifty Latu Money mark against this Bank of Latvia yields 14.51613 grams of gold. Stamps provided at its full face value. 1924) |
| Reverse description | Log in to see details |
| Reverse lettering | PIECDESMIT LATU 50 PAR LATVIJAS BANKAS NAUDAS ZĪMJU VILTOŠANU VAJ VILTOTU ZĪMJU UZGLABĀŠANU UN IZPLATĪŠANU VAINĪGOS SODĪS SASKANĀ AR SODU LIKUMIEM. (Translation: Fifty Latu About the forgery of Latvia Bank banknotes or maintaining and distribution of counterfeit marks the guilty will be punished in accordance with the Penal Laws.) |
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| Comments |
Latvia's interwar lats was introduced in 1922 to replace the Latvian rublis, itself a transitional currency that had displaced the wartime German occupation mark. By 1924, when this note entered circulation, the lats was pegged to gold at parity with the Swiss franc — a deliberate choice to signal fiscal seriousness from a republic barely four years old. The 50 latu was a substantial denomination in that economy.
Waterlow & Sons printed the bulk of early Latvian issues, a typical arrangement for newly independent states lacking domestic intaglio infrastructure. The watermark is the sole mechanical security feature — relatively modest for a high-value note, though consistent with Waterlow's output for comparable clients of the period.