Proclamation Day of the Republic of Latvia of the city centre traditionally starts at the monument of Kārlis Ulmanis, the first prime minister of Latvia, and ends at the Freedom Monument. Another tradition with a long history is the Latvian National Armed Forces parade, which nowadays is held at 11 November Embankment in Riga. A popular modern tradition established in 2009, is for people all over the world to sing the Latvian national anthem "Dievs, svētī Latviju!" at the same time (21:00 EET). Proclamation Day of the Republic of Latvia Proclamation Day of the Republic of Latvia is celebrated annually on 18 November. It marks the anniversary
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