Latvia division. The borders of historical and cultural regions usually are not explicitly defined and in several sources may vary. In formal divisions, Riga region, which includes the capital and parts of other regions that have a strong relationship with the capital, is also often included in regional divisions; e.g., there are five planning regions of Latvia (), which were created in 2009 to promote balanced development of all regions. Under this division Riga region includes large parts of what traditionally is considered Vidzeme, Courland, and Zemgale. Statistical regions of Latvia, established in accordance with the EU Nomenclature of Territorial Units
Bank of Latvia a refinancing rate instrument, a rate for travel. In a situation where banks do not intend to actively use the instruments offered by the Bank of Latvia, the increase of the refinancing rate has a more signaling function. The Bank of Latvia is managed by the Bank's Board and Management Board. The council consists of 8 people: the president of the bank, his deputy and 6 members of the council. The Bank's Supervisory Council is managed by the President of the Bank of Latvia. The Governing Council of the Bank of Latvia takes decisions on behalf of the Bank of