5 Euro (Janis Rozentāls) – Latvia
Non-circulating coins
Commemoration: The 150th anniversary of the outstanding Latvian painter Janis Rozentāls (1866–1916)
Latvia
Context
Material
Weight: 62 g
Silver weight: 57.35 g
Shape: Rectangular
Composition: 92.5% Silver
Magnetic: No
Alignment: Medal alignment
flip
References
KM: #Click to copy to clipboard180
Numista: #96918
Value
Exchange value: 5 EUR = $5.91
Bullion value: $164.14
Inflation-adjusted value: 7.32 EUR
Obverse
Description:
The back of the painting is divided into four fields. The top left contains Janis Rozentāls's facsimile signature, the title "The Princess and the Monkey", the measurements "147,5 × 71", and the year 1913. To the right is "canvas, oil". The bottom fields show a vertical "5 euro" on the left and the Latvian National Museum of Art's seal on the right, inscribed LATVIJAS REPUBLIKA and 2016.
Inscription:
Jānis Rozentāls
Princese ar
pērtiķi
147,5 × 71 audekls, eļļa
1913
5 euro
LATVIJAS REPUBLIKA
Latvijas Nacionālais mākslas muzejs
2016
Princese ar
pērtiķi
147,5 × 71 audekls, eļļa
1913
5 euro
LATVIJAS REPUBLIKA
Latvijas Nacionālais mākslas muzejs
2016
Translation:
Princess with
a Monkey
147.5 × 71 canvas, oil
1913
5 euro
REPUBLIC OF LATVIA
Latvian National Museum of Art
2016
a Monkey
147.5 × 71 canvas, oil
1913
5 euro
REPUBLIC OF LATVIA
Latvian National Museum of Art
2016
Language: Latvian
Engraver: Jānis Strupulis
Designer: Sandra Krastiņa
Reverse
Description:
The reverse reproduces Janis Rozentāls' 1913 painting "The Princess and the Monkey," featuring an ornately dressed woman with a monkey clinging to her beaded necklace.
Engraver: Jānis Strupulis
Designer: Sandra Krastiņa
Edge
Plain.
Categories
| Art> Painting |
| Event> Death anniversary |
Mints
| Name | Mark |
|---|---|
| Royal Dutch Mint | — |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2016 | — | 7,000 | Proof |
Historical background
In 2016, Latvia was in its third year as a member of the Eurozone, having adopted the euro on January 1, 2014. This transition from the lat (LVL) was a strategic political and economic milestone, solidifying the country's integration with core European institutions following its EU accession in 2004. The primary domestic motivation was to enhance economic stability, attract foreign investment, and eliminate currency exchange risks with its major trading partners, particularly other Eurozone members and the broader EU. By 2016, the euro was fully embedded in daily life, with public opinion, initially skeptical, having largely accepted the new currency as a symbol of Latvia's "return to Europe."
The macroeconomic context in 2016 was one of cautious stability but with underlying vulnerabilities. Latvia's economy was growing at a moderate pace, but it remained one of the poorer Eurozone members, with income levels below the EU average. A key ongoing concern was the risk of money laundering within the financial system, a legacy issue from the post-Soviet era that gained international scrutiny. While not a direct currency issue, this reputational risk had implications for financial stability and investor confidence within the single currency framework. Furthermore, Latvia continued to benefit from Eurozone membership through lower interest rates and enhanced trade, but it also had to adhere to the bloc's strict fiscal rules, limiting budgetary flexibility.
Internationally, Latvia's euro membership positioned it within the broader debates and challenges facing the Eurozone in 2016. The aftermath of the Greek debt crisis and the migration crisis were testing European solidarity. As a small, open economy on the EU's eastern frontier, Latvia's perspective within Eurozone discussions often emphasized fiscal discipline and geopolitical security, particularly in light of heightened tensions with Russia following the annexation of Crimea in 2014. Thus, in 2016, the currency situation was not one of transition or crisis for Latvia, but rather one of consolidated membership within a larger monetary union navigating significant political and economic headwinds.
The macroeconomic context in 2016 was one of cautious stability but with underlying vulnerabilities. Latvia's economy was growing at a moderate pace, but it remained one of the poorer Eurozone members, with income levels below the EU average. A key ongoing concern was the risk of money laundering within the financial system, a legacy issue from the post-Soviet era that gained international scrutiny. While not a direct currency issue, this reputational risk had implications for financial stability and investor confidence within the single currency framework. Furthermore, Latvia continued to benefit from Eurozone membership through lower interest rates and enhanced trade, but it also had to adhere to the bloc's strict fiscal rules, limiting budgetary flexibility.
Internationally, Latvia's euro membership positioned it within the broader debates and challenges facing the Eurozone in 2016. The aftermath of the Greek debt crisis and the migration crisis were testing European solidarity. As a small, open economy on the EU's eastern frontier, Latvia's perspective within Eurozone discussions often emphasized fiscal discipline and geopolitical security, particularly in light of heightened tensions with Russia following the annexation of Crimea in 2014. Thus, in 2016, the currency situation was not one of transition or crisis for Latvia, but rather one of consolidated membership within a larger monetary union navigating significant political and economic headwinds.
💎 Extremely Rare