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10 Latu overprinted on P#8 500 Rubli
| Issuer | Latvijas Banka (Bank of Latvia) |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | Light and dark green, retaining the original reverse design of the 500 Rubli note with allegorical vignettes representing agriculture, industry, and navigation. A red letterpress overprint of the new denomination is applied across the centre of the note. |
| Reverse lettering | DESMIT 10 LATU DESMIT (Translation: Ten 10 Lats Ten) |
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| Comments |
Latvia's postwar monetary situation was chaotic enough that the Bank of Latvia resorted to overprinting existing Rubli-denominated stock rather than waiting on fresh printing contracts. The 10 Latu overprint on the 500 Rubli base note reflects the Lat's introduction in 1922 at a fixed rate of 50 Rubli to 1 Lats — the arithmetic checks out exactly, which was the point.
The underlying P#8 notes had been printed during the brief window of Latvian monetary independence before proper infrastructure existed. Overprinting was expedient, not ideal, and the series was retired relatively quickly once purpose-printed Latu notes became available.