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Long lines at central bank's outlets as people scrambled to buy anniversary five-lat coins

Photo: LETA.
 RIGA - There were long lines at the central bank's outlets yesterday as people flock to buy the new silver five-lat anniversary coin.
"LETA Foto" observed some 70 people standing in line at the Bank of Latvia's outlets yesterday morning, mostly elderly residents. Every individual was sold no more than two five-lat coins.
Yesterday, the central bank offered an additional issue of the anniversary coins; the next shipment is due next January.
The total circulation of the new coin is 10,000. 4,000 coins were sold in November, today the central bank is selling another 2000, and the final 4,000 coins will be sold in January, Bank of Latvia Press Secretary Martins Gravitis told "Nozare.lv".
As reported, the Bank of Latvia issued the new silver five-lat coin to celebrate the 90th anniversary of the Bank of Latvia and the national currency, the lats, as well as the 20th anniversary of the renewed lats. The new five-lat coin was designed using the original electrotypes produced in 1929 and employed in minting this coin in 1929, 1931 and 1932.
The coin was designed by artist Rihards Zarins (1869-1939) and is legal tender in the Republic of Latvia.
The reverse of the five-lat coin features a Latvian folk-maiden in profile, viewed from the right side. The girl has ears of corn on her shoulder. The inscriptions "Latvijas" and "Republika", arranged in a semicircle, are placed to the left and right of the central motif respectively.
The large coat of arms of the Republic of Latvia is placed in the center of the obverse. The numeral 5, topped with the year 2012, is inscribed beneath the central motif. The inscriptions "pieci" and "lati", arranged in a semicircle, are placed to the left and right of the central motif respectively.
The new five-lat coin costs LVL 36.30 at the Bank of Latvia's outlets.
leta.lv
11-12-2012
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