Latvian lats Lūsis and Jānis Strupulis. All banknotes are 130 × 65 mm in size. They were printed by Giesecke & Devrient GmbH in Germany and were designed by Imants Žodžiks and Valdis Ošiņš. The lats was the fourth-highest-valued currency unit after the Kuwaiti dinar, Bahraini dinar, and the Omani rial at the end of its circulation. The 500 latu note was the world's third most valuable banknote after the $10,000 Singapore note and the 1,000 Swiss franc note. Latvian lats The lats (plural: "lati" (2–9) "latu" (10 and more)), ISO 4217 currency code: LVL or 428) was the currency of Latvia
Mark (currency) policy was not re-established, and the continuing loose money policy resulted in inflation, and in 1923, in hyperinflation. In late 1923, when the paper mark had become virtually worthless, it was replaced by a new currency, the (worth ). The new currency was issued by the newly established as credit to borrowers, but requiring collateral in the form of first-class claims to real estate. In 1924, the stopped providing unrestricted credit against worthless financial bills, and pegged its new currency, the , to the stable . The rationed its lending, so that the remained at par with the stable .