Latvia – 5 Lati – 1931
After becoming independent, Latvia began to issue its own coins. The flagship of the series was the 5 lati coin, which depicted a female representation of liberty (“Milda”) and the Latvian coat of arms. They were used all the way up to the Soviet occupation, during which they were suddenly declared worthless. However, many Latvians kept these coins in their homes as a symbol of Latvian independence. When the Soviet Union collapsed, this popular motif was once again introduced on Latvian banknotes. Latvian 1 and 2 euro coins now depict Milda as well.