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zieds1mazs.gif (257 bytes) Money, money, money...

This Page presents some pictures of paper money. This money circulated in the region of Latvia and in Latvia. There were a lot of various banknotes, and this Page offers only a small part of them.

The information about monetary system is gathered in another Page.

The State Credit billet for one Rouble of the Russia Empire. The Credit billets were introduced in 1841 instead of Assignations.



The paper money introduced by the German government in the occupied regions (1915-1917) of the Russia Empire including Kurzeme [Kurland].

This is a banknote of the Provisory government of Russia. This government existed from February 1917 to October 1917. The designer of the banknote was an ethnic Latvian Rihards Zariņš (he himself spelled his name - Zarriņš) (1869-1939). At that time he was the technical director of the Russia State printing house, where the banknotes were printed. Later he designed the first postage stamps of Soviet Russia. In 1919 he returned to Latvia and created designs of paper money, postage stamps, certificates etc. He had some sympathy to the ornament usually called svastika and frequently used it, for example, in the banknote above. This interest to svastika has nothing to do with Nazis who later exploited this ornament in their system of symbols.

By the way, I found this actual banknote hidden in an old book I bought a good time ago. In olden times the folded pages of books were to be cut open after the book was bought. If it was not done, one could hide a banknote between folded pages.


The money of so called Bermont's Army. This Army was active in Kurzeme in 1919. It also printed some money that was not very valuable.

The money of Soviet Latvia. This regime existed for rather short time in 1918-1919 but never in the whole region of Latvia. The Soviets printed rather many banknotes, and these banknotes were never changed to a real money, therefore it is easy to buy these banknotes in old book shops now.


The state cash billet of Latvia government. This actual money note was printed in 1919 by A.Niedra's government which was considered pro-German and illegal, and was overthrown in the same year. The legal government of K.Ulmanis printed quite similar notes but with other signatures on them. This government recognized the previously printed banknotes as a legal payment means. At that time Latvian currency was called the Latvian Rouble. The designer of these banknotes was Jūlijs Madernieks.

A banknote of Latvia's 25 Lats. The Lat was introduced in August 1922 and was worth of 50 Latvia Roubles. The banknote on this picture is relatively young (1938), it was designed and printed in England. In the watermark the President (dictator) Kārlis Ulmanis was pictured.


© Bruno Martuzāns. 1999-2002