lv
Created on 15.06.2011

The Bank of Latvia has issued a new 1-lats circulation coin featuring a beer mug on the reverse. The new coin is legal tender in the Republic of Latvia. The coins will be circulated in the same way as any other circulation money and reach commercial and other enterprises as well as the population via banks.

The newly issued coin has been designed by artist Juris Dimiters and modelled by sculptor Andris Vārpa. The coins have been struck at the Koninklijke Nederlandse Munt in the Netherlands.

For ten years now, the Bank of Latvia has kept alive the tradition of issuing special 1-lats circulation coins. A coin with an image of a stork opened the series, and since 2004, a new coin has been put into circulation twice a year to mark Līgo or Jāņi festivities and the Christmas season. The beer mug is a symbol of Līgo festivities and it is a long time since beer has been brewed and drunk in this land, though Latvians are said to lag a little behind their neighbours Lithuanians and Estonians. Surprisingly, beer is the third most popular beverage in the world after water and tea!

The reverse of the new 1-lats coin features a beer mug. The minting year 2011 is seen on the obverse beneath the large coat of arms of the Republic of Latvia. In terms of the edge, size, metal used and weight, there are no other differences vis-á-vis the other 1-lats circulation coins.

The total circulation of the coin is one million, and, like all other special 1-lats circulation coins, it will not be supplemented.

There are also circulation coins featuring stork, ant, mushroom, Sprīdītis (Latvian Tom Thumb), St. Peter's Church spire rooster, pretzel, Līgo wreath, pinecone, owl fibula, snowman, water-lily, chimney-sweep, Namejs ring, Christmas tree, toad, and horseshoe (two coins of differing design) (http://www.bank.lv/en/money/1-lats-ls-1-in-short). The circulation of special 1-lats coins is planned also for the future, i.e. until the time Latvia becomes a full member of the EMU and introduces single currency, the euro.