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500 Latu
| Issuer | Latvijas Banka (Bank of Latvia) |
|---|---|
| Year | 2008 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | LATVIJAS BANKAS NAUDAS ZĪME PIECSIMT LATU LATVIJAS BANKA |
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| Reverse lettering | PIECSIMT LATU LATVIJAS BANKAS NAUDAS ZĪME 2008 |
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| Comments |
The 500 Latu was the highest denomination ever issued by Latvijas Banka and remained so until Latvia adopted the euro on 1 January 2014, at which point all lats-denominated notes were withdrawn. At the fixed conversion rate of 0.702804 lats per euro, a single 500 Latu note redeemed for just over 711 euros — a deliberately unglamorous end for the largest note in a series that had anchored Latvian monetary independence since 1993.
Giesecke & Devrient's Leipzig facility handled production, the same plant responsible for several other Baltic and Eastern European issues of the period. The relatively modest security specification — watermark and thread only, no optically variable ink — reflects the note's intended role as a reserve and store-of-value instrument rather than an everyday transaction medium.