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| Issuer | Latvijas Valdība (Government of Latvia) |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Reference(s) | P#11 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | LATWIJAS MAIŅAS SIHME 25 KAP. |
| Reverse description | Reverse design mirrors the obverse in layout and colour, printed in reddish-brown with a dense guilloche background of fine wave-line patterns and geometric latticework filling the entire field. The central numeral '25' is rendered in large ornamental figures with rosette embellishments, flanked by circular guilloche medallions, and surmounted by the curved banderole inscribed 'LATWIJAS MAIŅAS SIHME'. The denomination abbreviation 'KAP.' is set in heavy block type along the lower margin. |
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| Comments |
Latvia's 1920 small-denomination notes were rushed into production during a period of acute monetary instability — the country had only declared independence in November 1918 and was still consolidating control over its territory when this series was printed. The 25 Kapeikas belongs to a fractional issue that filled the gap left by the collapse of the Russian Imperial and Tsarist-era ruble systems, which had previously dominated circulation in the region.
P#11 is among the smallest-format notes ever issued by the Latvian government, a practical consequence of the low denomination rather than any design economy.