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Latvian euro coins

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Latvian euro coins are the euro coins of the common European currency, the euro, put into circulation in Latvia. As the letter combination “eu” does not exist in Latvian, the euro is written “Eiro” in Latvia. Latvia joined the eurozone in 2014; since 15 January 2014, the euro has been the only valid means of payment in Latvia. Previously, the lats was the means of payment.

History of the introduction

On 29 April 2005, Latvia joined the exchange rate mechanism of the European Community. Already in 2008 Latvia wanted to adopt the euro – but this had to be postponed due to the financial crisis. On 5 March 2013, Latvian Finance Minister Andris Vilks submitted the official application to join the euro in Brussels. He requested the necessary audit report from the EU Commission on euro maturity.[1] On 5 June 2013, after the convergence report was available, the EU Commission recommended that Latvia join the eurozone on 1 January 2014.[2] Despite existing doubts about the convergence report[3] the EU Council of Finance Ministers ECOFIN confirmed Latvia’s accession as the 18th member of the eurozone on 9 July 2013.[4] The European Commission welcomed Latvia as a member of the monetary union in a press release on 31 December 2013 and explained the introduction of euro cash in the Latvian economy, as well as the modalities of price conversion.[5]

Design and minting of the coins

The planned designs of Latvia’s euro coins were announced in July 2006. The €2 coin was to feature the figure on top of the Latvian Freedom Monument, holding up three stars symbolising the three parts of the country.[6] This motif, however, clashed with a specification made by the European Commission in 2008: “On the national side … the national motif as well as the year and the name of the issuing state should be surrounded by the twelve European stars. The European stars should be arranged as on the European flag.”[7] In the more recent design, created by Guntars Sietiņš, the same motif was then chosen for the €2 coin as had previously been envisaged for the €1 coin, the depiction of a Latvian woman in national costume. After the proclamation of the Republic of Latvia in 1918, the Latvian artist Rihards Zariņš (1869-1939) had not only designed the small and large national coat of arms – now depicted on the cent coins designed by Laimonis Šēnbergs – but also the national allegory called “Milda”. The model for this was Zelma Brauere (1900-1977), who already symbolised Latvia on the 5 lats coin in 1929.[8]

The minting was carried out on 31 July 2013 by the representatives of the Latvian Central Bank Ilmars Rimšēvičs (Governor) and Māris Kālis (Chairman of the Board) at the Stuttgart Mint in Bad Cannstatt.[9][10] Before the Baltic state became the 18th member of the euro area on 1 January 2014, the State Mint of Baden-Württemberg produced Latvia’s entire initial supply of euro coins, a total of 400 million pieces. The Latvian euro coins were produced at the mints in Karlsruhe (1 and 10 cents as well as 1 euro) and in Stuttgart (2, 5, 20 and 50 cents as well as 2 euro).[11]

Images of Latvian euro coins | National side
1 cent 2 cents 5 cents
Lettland 1 Cent Lettland 2 Cent Lettland 5 Cent
Small coat of arms of Latvia
10 cents 20 cents 50 cents
Lettland 10 Cent Lettland 20 Cent Lettland 50 Cent
Great coat of arms of Latvia
1 Euro 2 Euro Edge of the 2-Euro coin
Lettland 1 Euro Lettland 2 Euro 2 eiro LV josta.jpg
Country Allegory “God bless Latvia” in Latvian

2 euro commemorative coins

Main article: 2-euro commemorative coins

No. Image Date of issue
Image reference
Occasion Official Journal
Reference
Circulation
1 Lettland2014Riga.jpg 12. August 2014
[12]
Riga European Capital of Culture [13]
[14]
1.005.000
2 Lettland2015Ratsvorsitz.jpg 10. February 2015
[15]
Latvia’s Presidency of the Council of the European Union [16]
[17]
1.025.000
3 Lettland2015EU-Flagge.jpg 3. November 2015
[18]
Thirtieth anniversary of the EU flag
Euro 19 Community edition
[19]
[20]
1.010.000
4 Lettland2015Storch.jpg 1. December 2015
[21]
The Stork [22]
[23]
1.000.000
5 Lettland2016Landwirtschaft.jpg 19. July 2016
[24]
History of Latvian agriculture [25]
[26]
1.010.000
6 Lettland2016Vidzeme.jpg 15. November 2016
[27]
Vidzeme (Livonia)
1st coin of the series Historical Regions
[28]
[29]
1.010.000
7 Lettland2017Kurzeme.jpg 14. November 2017
[30]
Kurzeme (Courland)
2nd coin of the series Historical Regions
[31]
[32]
0.500.000
8 Lettland2017Latgale.jpg 14. November 2017
[33]
Latgale (Latgalia)
3rd coin of the series Historical Regions
[34]
[35]
0.500.000
9 Lettland 2018-1 Unabhängigkeit.jpg 31. January 2018
[36]
Establishment of the states of Latvia and Estonia and re-establishment of the state of Lithuania
Community issue of the Baltic States
[37]
[38]
0.512.000
10 Lettland2018Zemgale.jpg 26. September 2018
[39]
Zemgale (Semgallen)
4th coin of the series Historical Regions
[40]
[41]
0.507.000
11 Lettland 2019 Sonne.jpg 17. September 2019
[42]
The rising sun [43]
[44]
0.307.000
12 5. June 2020
[45]
Latgallic ceramics [46]
[47]
0.412.000
13 20. January 2021
[48]
100. Anniversary of the recognition of the Republic of Latvia under international law [49]
[50]
0.412.000
14 2022 35 years of the Erasmus programme
Euro 19 Community expenditure

Collector coins

5 Euro

Material: 92.5 % silver 7.5 % copper – Diameter: 35 mm – Weight: 22 g

Subject Date of issue Circulation
150 years of the Ainaži Naval School 2014 05.000
25 years Baltic Way 2014 10.000
300. Birthday Gotthard Friedrich Stender 2014 10.000
Baroque style in Kurzeme 2014 10.000
The White Book of Jānis Jaunsudrabiņš 2014 05.000
Four Seasons 2014 10.000
150 years of fire brigade 2015 10.000
Riga Castle 2015 07.000
Emīls Dārziņš – Melancholic Waltz 2015 05.000
150. Birthday of Rainis and Aspazija 2015 07.000
Latvian Fairy Tales – Five Cats 2015 10.000
Rīgas Vērdiņš 2015 07.000
The earth 2016 05.000
Latvian fairy tales – Hedgehog fur / Hans my hedgehog 2016 10.000
National entrepreneur 2016 03.000
Christmas Battles 2016 05.000
Janis Rozentāls – The Princess and the Monkey 2016 07.000
Latvian Fairy Tales – Old Man’s Mitten 2017 10.000
Eduard’s Veidenbaums 2017 03.000
Latgales Congress 2017 03.000
Smith Forges In The Sky 2017 04.000
The First Session Of LPNC 2017 03.000

75 Euro

  • 2018: Golden Brooch – The Bubble Fibula
    • Material: Gold 0.999 – Diameter: 22 mm – Mass: 13 g[51]

Web links

Individual references

  1. Latvia submits application to join the euro Retrieved 11 September 2013
  2. EU Commission recommends Latvia’s admission to the eurozone Retrieved 11 September 2013
  3. The next euro state: How Latvia is turning into a tax haven Retrieved 11 September 2013
  4. EU seals Latvia’s entry into the euro zone Retrieved 11 September 2013
  5. European Commission press release on the introduction of the euro in Latvia Retrieved 1 January 2014
  6. First design of Latvia 2 euro coin with Statue of Liberty, retrieved 19 September 2019
  7. Design Guidelines of the European Commission of 19 December 2008, p. 4.
  8. Latvian 5 lats coin with effigy of Zelma Braueres (English) Retrieved 1 January 2014
  9. Minting of Latvian euro coins Retrieved 11 September 2013
  10. Video of the minting of the first euro coins, 31 July 2013 (Latvian) Retrieved 11 September 2013
  11. Video of the eight euro coins in 3D Retrieved 11 September 2013
  12. Coin scan commemorative coin Latvia 2014 Riga, retrieved 8 October 2014
  13. Official Journal of the European Union New national side of euro circulation coins (2014/C 88/03, 27 March 2014), retrieved 4 August 2014
  14. Latvia 2014: Riga – European Capital of Culture, retrieved on 7 February 2017
  15. Coin scan Latvia 2015: Presidency of the Council, retrieved 13 March 2015
  16. Official Journal of the European Union New national side of euro circulation coins (2014/C 374/03, 22 October 2014), retrieved 10 February 2015
  17. Latvia 2015: EU Presidency, retrieved 10 February 2015
  18. Coin scan Latvia 2015: EU flag, retrieved 18 November 2019
  19. Official Journal of the European Union New national side of euro circulation coins (2015/C 257/08, 6 August 2015), retrieved 6 August 2015
  20. Commemorative coin Latvia 2015: 30 years of the European flag, retrieved 6 August 2015
  21. Coin scan Latvia 2015: Stork, retrieved 30 January 2016
  22. Official Journal of the European Union New national side of euro circulation coins (2015/C 327/08, 3 October 2015), retrieved 2 December 2015
  23. Latvia 2015 Commemorative Coin: 10 Years of Black Stork Conservation Programme in Latvia, retrieved 18 November 2019
  24. Coinscan Latvia 2016: Dairy, retrieved on 5 August 2016
  25. Official Journal of the European Union New national side of euro circulation coins (2016/C 92/04, 9 March 2016), retrieved 19 July 2016
  26. Commemorative coin Latvia 2016: Dairy farming in Latvia, retrieved 19 July 2016
  27. Coinscan Latvia 2016: Livonia – Vidzeme, retrieved 5 January 2017
  28. Official Journal of the European Union New national side of euro circulation coins (2016/C 146/07, 26 April 2016), retrieved 15 November 2016
  29. Commemorative Coin of Latvia 2016: Regions of Latvia – Livonia/ Vidzeme, retrieved 15 November 2016
  30. Coinscan Latvia 2017: Kurzeme, retrieved 5 December 2017
  31. Official Journal of the European Union New national side of euro circulation coins (2017/C 66/02, 2 March 2017), retrieved 14 November 2017
  32. Commemorative Coin of Latvia 2017: Regions of Latvia – Kurland/ Kurzeme, retrieved 14 November 2017
  33. Coinscan Latvia 2017: Lattgallen, retrieved 5 December 2017
  34. Official Journal of the European Union New national side of euro circulation coins (2017/C 66/03, 2 March 2017), retrieved 14 November 2017
  35. Commemorative Coin of Latvia 2017: Regions of Latvia – Latgale/ Latgallen, retrieved 14 November 2017
  36. Coinscan Latvia 2018: Independence, retrieved 18 November 2019
  37. Official Journal of the European Union New national side of euro circulation coins (2018/C 16/03, 18 January 2018), accessed 31 January 2018
  38. 2018 commemorative coin: 100 years of independence, retrieved 31 January 2018
  39. Coin Scan Latvia 2018: Zemgale, retrieved 28 December 2019
  40. Official Journal of the European Union New national side of euro circulation coins (2018/C 234/03, 5 July 2018), accessed 5 October 2018
  41. Commemorative Coin of Latvia 2018: Regions of Latvia – Semgallen/ Semgale, retrieved 5 October 2018
  42. Coinscan Latvia 2019: Rising Sun retrieved on December 20 2019
  43. Official Journal of the European Union New national side of euro circulation coins (2019/C 352/14, 18 October 2019), accessed 22 October 2019
  44. Commemorative Coin of Latvia 2019: Rising Sun – The Coat of Arms of Latvia, retrieved 18 September 2019
  45. Coin image Latvia 2020: Ceramics of Latgalia, retrieved 10 June 2020
  46. Official Journal of the European Union New national side of euro circulation coins (2020/C 136/02, 27 April 2020), accessed 28 April 2020
  47. Latvia 2020 Commemorative Coin: Latgalian Ceramics, retrieved 18 November 2019
  48. Latvia 2021: 100th anniversary of the recognition of the Republic, retrieved 19 August 2020
  49. Official Journal of the European Union New national side of euro circulation coins (2021/C 20/05, 19 January 2021), accessed 30 January 2021
  50. Latvia 2021 Commemorative Coin: 100th Anniversary of Latvia’s International Recognition, retrieved 30 January 2021
  51. Latvia 75 Euro, 2018.