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Bank of Latvia issues new coin featuring Christmas bells

 RIGA, Dec 4 - Today, the Bank of Latvia issues a new one-lat coin with Christmas bells featured on the reverse, "Nozare.lv" was informed by the central bank.

The coin is legal tender in the Republic of Latvia and will be circulated in the same way as any other circulation money, reaching trade and other companies and residents through banks.

The coin was designed by artist Holgers Elers and modeled by sculptor Laura Medne. The new one-lat coins were struck at the German mint "Staatliche Münze Baden-Württemberg".

For 11 years now, the Bank of Latvia has kept alive the tradition of issuing special one-lat 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 Ligo (summer solstice) festivities and the Christmas season.

Bells, as musical instruments and decorations, have a place in European Christmas traditions since long ago. Along with the gingerbread heart featured on the one-lat coin released into circulation a year ago, bells are among the most traditional symbols of joyful festivities in Latvia.

The reverse of the new one-lat coin features two bells tied by a ribbon. The minting year of the new coin (2012) is featured on the obverse, beneath the large coat of arms of the Republic of Latvia. In terms of edge, size, metal used and weight, there are no other differences in comparison with other one-lat circulation coins.

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

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