Banks, Financial Services, Latvia

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Bank of Latvia to issue innovative Honey collector coin

BC, Riga, 21.05.2018.Print version
The Bank of Latvia will issue an innovative collector coin, the Honey Coin, on May 22, the Latvian central bank announced LETA.

The new coin will have a hexagon shape with wavy edges and split off peaks. On the obverse, honeycomb cells form a rough outline of the geographic contour of Latvia and the Gulf of Riga. Various types of frosting are applied to achieve this effect. The inscription LATVIJA is placed in the lower left part of the coin, with the year 2018 below it. The reverse side of the coin features honeycomb cells. The number "5" is placed to the left of the center, slightly lower, with the inscription EURO featuring below it.


"The shape of the coin is unique: several coins can be placed side-by-side like pieces of a puzzle to build-up an even larger honeycomb the same way as bees do it in their hive," the Bank of Latvia said.


"Honey has a special role in Latvia. Together with the diligent honey bees it is widely present in our folk songs; it is an important food, traditional medicine and cosmetics product. Citizens, who are as busy as bees in their day-to-day lives, fill their country like bees fill a hive. Therefore, the Honey Coin is a symbol of diligence and sweetness of work. The bees also have a significant role to play in maintaining the biological diversity, and their presence is an indicator of nature's healthiness," the central bank said.


The Honey Coin, based on Arturs Analts' work that won the first prize in the competition for the best design of an innovative collector coin, was minted in Lithuanian by Lietuvos Monetu Kalykla.


The maximum mintage is limited to 3,000 coins, and the price per coin is EUR 53. The coins can be purchased at the Bank of Latvia Cashier's Offices as well as online via e-monetas.lv.






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