Latvian rublis printed quite similar notes but with different signatures on them. This government recognized the previously printed banknotes as legal tender. The designer of these banknotes was Jūlijs Madernieks. On 3 August 1922, the Cabinet of Ministers approved the "Regulations on Money" which introduced the "lats" as Latvia's national currency. The lats was equal to 50 rubļi. The rublis remained in circulation alongside the lats for a time. Latvia's regained independence was recognized by the Soviet Union on 6 September 1991. In the first four months of 1992, the country was adversely affected by inflation of the Soviet ruble. In addition,
Phoenix (currency) Phoenix (currency) The phoenix (, "foinix") was the first currency of the modern Greek state. It was introduced in 1828 by Governor Ioannis Kapodistrias and was subdivided into 100 "lepta". The name was that of the mythical phoenix bird and was meant to symbolize the rebirth of Greece during the still ongoing Greek War of Independence. The "phoenix" replaced the Ottoman "kuruş" (called "grosi" γρόσι, plural γρόσια "grosia" by the Greeks) at a rate of 6 phoenixes = 1 "kuruş". The creation of a national currency was one of the most pressing issues for the newborn Greek state, so that