Passion is always the driving force to motivate not only me but everyone, who is passionate about collecting banknotes to constantly upgrade their collection. My goal in 2022 will be to finish the Lativa banknote collection.
Latvia is a country on the Baltic Sea between Lithuania and Estonia. Its landscape is marked by wide beaches as well as dense, sprawling forests. Latvia’s capital is Riga, home to notable wooden and art nouveau architecture, a vast Central Market and a medieval Old Town with St. Peter’s Church. Riga’s museums include the Latvian Ethnographic Open-Air Museum, showcasing local crafts, food and music.
The lats were reintroduced on 5 March 1993, replacing the Latvian rubles, which continued to circulate and kept validity until and including 30 June 1994 at a rate of 200 rubļu being equivalent to 1 lat. The 5 lats banknote was introduced at first, and the last banknote to be introduced was the 500 lats banknote on 20 July 1998. The lats were replaced on 1 January 2014 by the Euro, at the rate of 0.702804 Lats to 1 Euro. The second lats can be exchanged for euros at the official rate at the Bank of Latvia’s cashier’s office in Riga.
Until the end of its circulation in January 2014, lats was the fourth highest-valued currency unit per face value, after the Kuwaiti dinar, Bahraini dinar, and the Omani rial. The 500 latu note was the world’s third most valuable banknote after the $10,000 Brunei/Singaporean dollar note and the 1,000 Swiss franc note.
My vision 2022
Striving non-stop, 2021 has basically completed 2/3 of the way to be able to own a full set of Lativa: 5, 10, 20, 50, 100, and 500 Latu. Currently, my collection has 5, 10, 20, and 100 Latu, I need to upgrade to my collection the 50 and 500 Latu bills.
With all my passion, I believe that in 2022, I will accomplish this goal.