Latvia 20 Latvijas Rublis 1992 - seteli

This early post-Soviet Latvian banknote represents the 3rd denomination of the Second Rublis (Series 1992). The Second Rublis banknotes were introduced as a temporary currency. During independent Latvia's efforts to disassociate itself from the Soviet Ruble and the Soviet Union (1922-1991). As the post-Soviet Central Bank of Russia, in which Latvia was dependent. Could not meet the cash and credit demands of Latvia.

Temporary banknotes of the Bank of Latvia

Twenty Latvian Roubles

To resolve the problem, on 4 May 1992, the Monetary Reform Commission of the Republic of Latvia passed a resolution "On Introduction of the Latvian rublis". From 7 May 1992, a temporary currency, the Latvian rublis (LVR), was put into circulation as a legal tender parallel to the existing ruble notes. It was declared equal in value to the Soviet ruble. The Latvian rublis notes (widely known as repiki, after the then governor of the Central Bank, Einars Repe) were issued in denominations of 1 rublis, 2 and 5 rubi, 10, 20, 50, 200 and 500 rubu.

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