Latvian central bank produces another centenary coin

Tuesday, 23 October will see the Latvian central bank, Latvijas Banka, issuing another special coin with a  centenary theme.

The silver collector "Coats of Arms Coin" is dedicated to Latvia's centenary and minted by UAB Lietuvos monetų kalykla in Lithuania.

The obverse of the coin depicts the coat of arms of the Republic of Latvia, with the logo of Latvia's centenary featured below it. The reverse of the coin bears the coats of arms of Latvia's cultural and historical regions, and the inscriptions KURZEME, VIDZEME, ZEMGALE and LATGALE against the background of the lion, griffin and elk, heraldic symbols.

The coat of arms of Latvia was approved by the Constitutional Assembly on 15 June 1921. The author of its sketch was Vilhelms Krūmiņš (1891–1959), but the official version was developed by Rihards Zariņš (1869–1939). The basic elements used in the creation of the coat of arms of Latvia were the sun as well as the lion and griffin, the classical heraldic symbols related to the history of Latvia's heraldry. The three stars above the shield embody the idea of incorporating the cultural and historical regions of the country into unified Latvia. The coat of arms is supplemented with a stylised wreath of oak leaves, the symbol of strength and independence of the Latvian nation, and a red-silver-red ribbon having the proportions of the Latvian national flag.     

The 2-euro coin will be on sale from October 23 priced at 53 euros. A maximum of 3,000 examples will be minted.

Over the last year, the bank has produced several other coins that reference the centenary theme. 

 

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Economy
Economy