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,
Currency Commission Currency Commission The Currency Commission ("Coimisiún Airgid Reatha"), was created by the Currency Act, 1927 (Section 14) as part of the policy of the Irish Free State to create the 'Saorstát pound'. The Currency Commission commissioned the Series A Banknotes, through the advice of an advisory commission. It also issued the "Ploughman series" of banknotes for Irish banks, which were legal tender until 1953. The Chairman of the Currency Commission was Joseph Brennan. On the adoption of the Constitution of Ireland in 1937 the "Currency Commission of the Irish Free State" became the "Currency Commission of Ireland". In 1942 the