Bank of Latvia to issue 2 Euro coin commemorating Baltic independence

March 29, 2018 – On Wednesday, 31 January 2018, Latvijas Banka (the Bank of Latvia) launched a 2 Euro commemorative coin dedicated to the centenary of the Baltic States. 

The new coin showing the three Baltic sigils emerging from a common cord.

The new coin showing the three Baltic sigils emerging from a common cord.

To celebrate the 100th anniversary of the Latvian and Estonian states and the 100th anniversary of the re-establishment of the Lithuanian statehood, Latvijas Banka, Lietuvos bankas and Eesti Pank have issued a 2 Euro commemorative coin with a common design. The design of the national side of the coin was selected in a public on-line vote to commemorate the Baltic nations’ determination to defend their independence. The coin confirms the unity of Latvia, Lithuania and Estonia and their readiness to cooperate defending their independence and freedom and symbolises the common past, present and future of the Baltic States. 

The work by Lithuanian designer Justas Petrulis, i.e. a symbolic plait in which the fates of the three Baltic sisters intertwine, has been turned into a coin. This design received the most votes in the public survey in which six coin designs were offered for a vote (per two from Latvia, Lithuania and Estonia).

The European side of these euro commemorative coins bearing the nominal value (artist Luc Luycx) is the same as that of other 2 Euro circulation coins, including material and size. 

The national side of the commemorative coins issued by Latvijas Banka features the inscription “LATVIJA” (“LIETUVA” and “EESTI” on the coins issued by Lietuvos bankas and Eesti Pank respectively), and the edge of the coin, like all other 2 Euro circulation coins of the Republic of Latvia, features the inscription “DIEVS * SVETI * LATVIJU *”. The new 2 euro coins have been minted by UAB Lietuvos monetu kalykla (Lithuania). 

The new commemorative coins will be circulated in the same way as any other circulation money, reaching commercial and other enterprises as well as general public through banks. The mintage of the coin is 0.5 million pieces. Experience of Latvijas Banka shows that this quantity is sufficient to allow all interested persons to exchange the coin over a period of at least several weeks. 5 000 coins of Brilliant Uncirculated quality in a special souvenir packing will also be on sale. 7 000 circulation coin sets will also be available. 

In close cooperation with JSC Swedbank, the possibility to pay by VISA, VISA Electron, MasterCard and Maestro payment cards as well as via the internet banks of JSC Swedbank, JSC Citadele banka and JSC SEB banka has been ensured. All purchased coins and numismatic products can be collected at Latvijas Banka Cashier’s Offices in Riga and Liepaja as well as by using express delivery services of SJSC Latvijas Pasts, within the territory of Latvia. It is most likely to suit the needs of customers, e.g. from more distant regions, who are busy on the initial days of launching a new coin or due to other reasons cannot visit the Cashier’s Offices of Latvijas Banka. Numismatic products purchased at e-monetas.lv are also delivered to foreign countries, e.g. most EU countries, the US, Canada, Australia, New Zealand etc.

These products will also be available at such traditional points of sale as numismatic shops, book stores and souvenir and jewelry shops.

You can visit Latvijas Banka on their website. 

You can find out more about Latvia’s history in our article on its first coin.

To learn more about visiting Latvia, visit their travel website. 

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