Latvian central bank aims to cash in on basketball success

Latvijas Banka, the Latvian central bank (LB), will release a special silver collector coin on October 31 dedicated to the centenary of basketball in Latvia. 2023 marks the centenary of the Latvian Basketball Federation, which was founded in 1923.

"Latvia boasts significant achievements in this sport. For example, our national team won the First European Men's Basketball Championship in 1935. Recent years have also seen several notable achievements on the international arena. The performance of the Latvian men's basketball team ending its 2023 FIBA World Cup appearance in the 5th place has surprised many and has solidified Latvia's basketball on the global map. Meanwhile, the Latvian 3x3 basketball team won the first Olympic Champion title in this sport in 2021 and bronze medals in the 2023 World Cup," said LB.

The coin's obverse displays a basketball basket with a gold-plated ball on the basket's rim, while on the coin's reverse, the artist has included the tactical scheme of a basketball game. The inscription "20:23" symbolises not only the year of the coin's issue but also the score of the game displayed on the scoreboard, assuming it is an away game for the Latvian team.

The price of the coin is 84.00 euro; the purchase limit for one buyer will be 2 coins. The mintage of the coin is 3,000. The coin has been struck by Istituto Poligrafico e Zecca dello Stato S.p.A., a mint in Italy.

The collector coin will be available for purchase only on the website from 12:00 (noon) on 31 October. Mail delivery or personal pickup from Latvijas Banka Cashier's Offices at Bezdelīgu iela 3, Riga, will be possible. To smooth out the customer flow on the premises, the order pickup at Latvijas Banka Cashier's Offices will be organised according to a balanced schedule.



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