The Ethnographic Open-Air Museum of Latvia museum since 1971. The annual crafts fair become the museum's most famous annual event, attended by tens of thousands of people every year. The museum currently occupies 87 hectares and displays 118 buildings, as well as more than 3,000 items. Most of Latvia's historical ethnic groups are represented in the museum. The museum's collection holds approximately 150,000 artifacts. The Ethnographic Open-Air Museum of Latvia The Ethnographic Open-Air Museum of Latvia () is an open-air museum located just outside Riga, the capital of Latvia, on the lightly wooded shores of Jugla Lake. In 1924, the Latvian Council of Monuments signed an
Bank of Latvia On September 7, 1922, the Constitutional Assembly adopted the Law on the Establishment of the Bank of Latvia. The Bank of Latvia was granted emission rights. The Bank's interim statutes were approved on September 19, 1922, with the decision of the Cabinet of Ministers, and its initial capital was 10 million lats. On April 24, 1923, Saeima approved the Statute of the Bank of Latvia, signed by President Jānis Čakste on the 2nd July. The bank was headed by a council and board. The Council consisted of a chairman, a deputy and 11 members, but the board included a director