Demographics of Latvia Demographics of Latvia This article is about the demographic features of the population of the historical territory of Latvia, including population density, ethnic background, education level, health of the populace, economic status, religious affiliations and other aspects of the population. Latvia was settled by the Baltic tribes some three millennia ago. The territories along the eastern Baltic first came under foreign domination at the beginning of the 13th century, with the formal establishment of Riga in 1201 under the German Teutonic Knights. Latvia, in whole or in parts, remained under foreign rule for the next eight centuries, finding itself at
Bank of Latvia the national central bank from the government policy was ensured through legislation. The Law "On the Bank of Latvia" did not envisage its commercial activities, therefore, a decision was taken on the restructuring and privatization of 49 Bank of Latvia branches. Like most central banks of the world, the main goal of the Bank of Latvia is to provide inflation at a certain level. After joining the European Union (EU), until its membership in the Economic and Monetary Union (EMU), the Bank of Latvia was able to pursue its monetary policy, provided that it is in line with the common