Latvia issues 2 euro coin to promote financial literacy

The Latvian issue of a 2022 commemorative 2 euro coin in circulation on April 12 commemorates financial literacy.

Latvijas Banka toss the coin to “encourage[e] it is up to everyone to consider the value of carefully considered and forward-looking economic actions, both on a personal and community level,” according to the bank.

The obverse of the coin features a stylized prosperity tree “that can flourish for everyone if planted in the soil of financial literacy”. The name of the country and the year of issue also appear on the obverse.

Meaning of design, inspiration

“Why are we talking about financial literacy? Because a rich person is not one who has a lot of material goods but one who is competent, who is able to plan how to fill the barn with the little he has, who is able to use his own resources efficiently even when others have more. Because making good use of your mind helps produce a big harvest,” the bank said.

Artist Reinis Petersons created the obverse design, which is paired with the common reverse design (by Luc Luycx) showing the denomination and a map of Europe.

The mintage limit for the €2 Financial Literacy Coin is 408,000 coins, with 8,000 Brilliant Uncirculated sold in a trading card. The remaining run is offered in circulation quality rolls.

The bank has set an order limit of five individual coins (for €8.80 each) and one roll at face value (€50).

About 2 € each

The ringed bimetallic part has a copper-nickel core and a copper-aluminum-nickel ring.

The 2 euro coin weighs 8.5 grams and measures 25.75 millimeters in diameter.

The obverse of the outer ring depicts the 12 stars of the European flag.

Each nation is permitted to issue up to two different circulating commemorative designs per year, with designs of their choosing, although few nations issue the maximum number of designs. Joint programs do not count towards this limit.

The bank’s online sales platform, e-moneta.lv, only allows sales in Latvia, so collectors in the United States will have to search the secondary market.

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