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50 Latu

Issuer Latvijas Banka (Bank of Latvia)
Year 1992
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Composition Cotton paper
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Obverse description The obverse presents a stylised oak leaf vignette at centre, accompanied by an ancient sailing vessel rendered in intaglio. A vertical ornamental band running along one edge incorporates the traditional geometric motif of the Lielvārde belt, a key element of Latvian folk art heritage.
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Reverse description The reverse carries the historical small Coat of Arms of Riga within a cartouche, set against a detailed plan of medieval Riga rendered as a cartographic vignette. The National Coat of Arms of Latvia is also present, complementing the civic and heraldic composition.
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Comments

Latvia restored the lats in 1922, suppressed it under Soviet occupation, and brought it back again in 1993 — this note was part of the preparatory printing that made that second restoration possible. Giesecke & Devrient produced the series before the lats officially re-entered circulation, meaning these notes existed physically before the currency they represented was legally recognized.

The 50-lats denomination was the highest in the initial reissue series, printed at a moment when Latvia's monetary independence was administratively real but economically untested. Imants Žodžiks and Valdis Ošiņš handled the design — a deliberate choice to use domestic talent for a currency explicitly tied to national re-emergence from Soviet rule.