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On Wednesday, February 16, the Bank of Latvia (Latvijas Banka) issues a new currency, this time to celebrate the 100th anniversary of the Latvian Constitution. Known as Satversme and approved in 1922, it defined the form of government, the values and the relations between the individual and the State.
The year of the centenary of the Constitution is also the year in which the Latvijas Banka celebrates the centenary of its foundation. Among other things, the Satversme created the foundations for the proper functioning of the central bank, defining the guarantees of its independence, competence and long-term perspective in matters of monetary policy. The Satversme is one of the oldest living constitutions in Europe and guarantees democracy and the rule of law in Latvia.
The Constitution of the Republic of Latvia establishes the constitutional foundations of the State of Latvia and embodies one of the symbols of its statehood. The thoughts and aspirations of the founders of the State have become the words of power that allow each generation to build a strong and sustainable democratic State governed by the Rule of Law. The text of the Satversme unites the founders of the State and their future generations in a single idea of the Republic of Latvia.
“We hope and trust that this Constitution will help us to fully establish legality and justice in Latvia and thus prosperity and order for its people. May this new Constitution make Latvia happy and strong." These words were spoken by Jānis Čakste, the first president of the Republic of Latvia, in 1922, when the Satversme came into force.
This silver minted collector's coin, created with the participation of the Constitutional Court and the Chancellery of the President of Latvia, is a symbolic gift to Latvia from its Central Bank. The graphic design of the coin was created by the artist Aigars Ozoliņš.
Country latvia
Year 2022
Face Value 5 euros
Metal Silver
Fineness 925
Weight 26.24g
Diameter 45.0 × 30.0mm
Quality proof
roll 2,500
Design Aigars Ozoliņš
Exchange house Lietuvos monetų kalykla (Lithuania)
The selling price in Latvia for this coin is €70.
Sursa: Youtube Utilizator: LatvijasBanka
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