Latvian central bank creates coin dedicated to financial literacy

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Latvijas Banka, the Latvian central bank has announced yet another in its series of special commemorative coins.

This time the coin will be a 2 euro commemorative coin dedicated to financial literacy and released on Tuesday, April 12.

"The coin features a prosperity tree that can blossom for everyone if planted in the soil of financial literacy," the central bank says.

"Why is financial literacy referred to? Because a rich person is not the one who has plenty of material possessions but the one who is proficient, who is able to plan how to fill up the barn using the little that he has, who is capable of using his own resources efficiently even when others have more.  Because making good use of one's mind helps to yield a large harvest," waxes the central bank.

"Since ancestral times, a peasant's experience, his ability to look ahead and think for himself have underpinned the will and capability of our people to establish and shape the state of Latvia. Today we have to separate not only rye and wheat but also other "grain" from chaff," quoth the keeper of the nation's currency.


"How to avoid confusion in this magnificent world full of temptations? Each choice leads to the next one. Choices like branches intertwine on the decision tree whose roots choose the right path skilfully. The ability to make decisions concerning the management of money and time, as well as the ability to cultivate one's mind is nothing new. A peasant has been doing so for centuries by always setting aside seed grain to weigh his harvest next autumn again. This coin shines in your hand when you move it. Along the same lines, one's mind also needs exercise to become more skilful and brighter."

Anyone falling prey to the temptation to buy one of the coins will find that the price per coin in gift packing is 8.80 euros. The limit per purchase has been set at 5 coins in gift packaging and 1 roll.

Please note that the above coins in gift packaging and circulation coin rolls (25 coins per roll) will be available via the website only, starting from 12.00 p.m. on 12 April. Mail delivery (only on the territory of Latvia) or personal pick-up from Latvijas Banka Cashier's Offices at K.Valdemāra iela 1B, Riga is possible.


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